Study Of Financial Transparency

Fiscal transparency is a key aspect of good governance. This dissertation makes the definition of fiscal transparency at first,and then it puts forward the elements of fiscal transparency and discusses them in detail respectively. With a fairly complete analytical framework about fiscal transparency founded,the author shows his view on the issue of fiscal transparency in China and makes some policy suggestions.This dissertation is made up of five chapters with an introduction.Chapter 1 discusses the implication of fiscal transparency and its significance. It makes the definition of fiscal transparency at first,which stresses the status of mechanism of information publicity. And then,it surveys three elements of fiscal transparency:the production of information,the publicity of information and the forming mechanism of open information. It also shows the importance of fiscal transparency and puts forward the major factors of fiscal transparency,which includes:supply and demand of information about the government and its public finance,measures to improve fiscal transparency.Chapter 2 covers the foundation of fiscal transparency:the role of government and public finance. Information about the government and the public finance,which is the foundation of fiscal transparency,is produced when the government fulfills its roles. And then,defining the roles of government clearly is the chief requirement of fiscal transparency. Fiscal transparency creates a solid basis to assess the work of government,study the setting of governmental organizations and optimize the operation of organizations.Chapter 3 discusses the fundamental requirement of fiscal transparency:the publicity of information about the government finance. The information about the government finance which released to the public should be complete,correct and detailed,which should includes the information about the role of government finance sectors and other sectors,their conduct rules,working process,and fiscal policies,working purpose and its performance. The release of information should have a definite schedule,and should satisfy the requirement of timing. The carriers of information releasing should be routinized and authorized,which include law,code,government bulletin,report from the fiscal and statistic sectors. Fiscal budget and fiscal reports are two kinds of most important information carriers. Beside,the public release of fiscal information should be based on fairness and equity. This chapter also puts forward corresponding requirements of fiscal transparency on fiscal budget,fiscal report and other information worth releasing.Chapter 4 analyzes the security mechanism of fiscal transparency. The security mechanism,which is one major component of fiscal transparency,need to be established by various parts such as legislation,execution of the law,standardization of government conduct,social supervision and diathesis of civil servants. The chapter stresses the significance of legal security and makes a detailed analysis. Besides,the chapter discusses other security means such as social independent supervision,diathesis of civil servants and their moral levels,and the quality of fiscal data.Chapter 5 discusses the improvement of fiscal transparency in China. This chapter retrospects the history of fiscal transparency in China at first. In the planned economy,the conduct of government is featured by command guidance. The closeness of the administration information of government finance made fiscal transparency become impossible. With its economic reform,China has made rapid progress in its legal system construction,definition of governmental roles,separation between the government and the state-owned enterprise,and so on. In order to improve its fiscal transparency,China must continue to straighten out fiscal relationships between the central government and the local governments,rationalize fiscal relationships between the government and the enterprise,and establish a clearer fiscal administration framework to normalize the governm...