A New Understanding of China‘s Fiscal Reform under the Framework of State Governance Modernization: Practice and Theoretical Construction
- LV Wei, JIN Jidong
- Dongbei University of Finance and Economics, 116025
In the past 40 years of reform and opening up, public finance, as the foundation and a pillar of state governance, has not only effectively provided a fundamental guarantee for the realization of the national reform strategy under the government leadership, but also actively adopted finance-based policies, optimized the fiscal structure to meet reform needs, and improve fiscal efficiency, providing important institutional support for establishing a modern fiscal system and modernizing the state governance system and capability. On the basis of summarizing the experience, logic and characteristics of 40 years' fiscal reform, we should deepen the understanding and theoretical analysis of the essence, functions and law of public finance with Chinese characteristics, which is essential for us to form basic understanding of the socialist fiscal reform with Chinese characteristics, to make basic judgment of the situation and tasks of China's public finance in the new era, and to consider the basic direction of theoretical construction for socialist public finance with Chinese characteristics in the new era. This paper explores and responds to the above issues through reflection on the practice and theory of China's fiscal reform in the past 40 years.
- State Governance, Fiscal Construction, Fiscal Theoretical System