China's Economic Transition Stage Of Fiscal Policy Studies

Fiscal policy has important status and action. Firstly, This comes from the important status of the macroscopic controlling in Chinese transitional stage. Economy fluctuation, which is possibly brought by the transitional resource disposition, imbalance in aggregate and structure brought by old system and the pressure of finance, puts up specific requests for the macroscopic controlling. Secondly, the fiscal policy has the more important status than the monetary policy for the macroscopic controlling and the function of the fiscal policy to economic stability and growth.Through looking back and analyzing the fiscal policy, we can find that the earlier fiscal policy' affects are not good. Although the economics grow in a short time, the economics grow roughly, and the corporations' benefits come down. The policy itself results in and intensifies, not relax the economic stability. This forms "policy cycle "in the economic rising and falling. The active fiscal policy under the request shortage gains greater successes on the surface, for example, it pulls the economic growth, strengthen the economic inner increasing ability through investing basic facilities and environment items, but it couldn't realize its real aim of pulling consuming, so the economic inner increasing mechanism can't renew. The economic increasing relies on the government investing, the active fiscal policy runs for a long time, and brings many bad results. This shows that the active fiscal policy must recite. The resources of the policy cycle and consuming shortage are the government's control and the corresponding producing finance. The experience and lessons of earlier fiscal policy focus on: the contradiction of the transitional economics mainly comes from the government controlling, not from the market adjustment and is the inevitable result of the government greater scope than its remedying the market runaway. It often leads to just the opposite for the government to try to overcome the contradiction directly.The proper way should be: let the government limits its action scope to making up the market runaway, realize the transition from producing finance to public finance and combine the fiscal policy with the market reform. This is the basic principle of the transitional stage and requests changing the government actions, regulates the distribution relations of the government and the market, the government and the national corporations (containing monetary corporations), and the governments. We must study actively the way of combining the fiscal policy with the market reform. According to "three departments analyzing", the fundamental way of the combining is: promote no national parts, remove the demand blocks, investing blocks, and key elements diverting blocks. The basic fiscal policy should accord to the fundamental way.At the moment, our economics show obvious hot trend, but it is still hot partly, and tight in the total. The present situation and the later economic increasing request proper tight fiscal policy at a new stage of reforming and opening-although thefiscal policy is enlarged generally, the enlarging degree is already decreased, and it will realize the transition from deficit finance to balance finance at last through decreasing the enlarging degree. Proper tight enlarging finance differs from active finance intrinsically, although both of them are enlarging policies. The former is quitting police in fact, and the later is "coming in" policy and plan policy. The two kind of policies are also different in police ways. It is the need of situation for the present policy to enlarge in some degree, and it is for the policy stability 'and continuity, reducing the disturbing of policy adjusting to economics, and settling the history questions. This is one of the former policies' experience and lessons. Enlarging has financial potentiality. Proper tight policy can guard against financial risk and possible inflation or stagnation and inflation, and it is the need of transferring the government actions, building the pu...