A Study Of The Phased Changes In China's Fiscal Policy Regulation

From the beginning of mercantilism in the early sixteenth Century,economics has been developing and evolving in the debate of state interventionism and economic liberalism.Since 1930 s,the major capitalist countries have adopted different policies and measures to the economic operation in different periods,and the fiscal policy has obvious characteristics.The stage of economic and social development determines the role of fiscal policy,and the ruling authorities of different understanding of the relationship between government and market to a large extent determines the fiscal policy intervention in the economy in different ways and methods in the political cycle,as well as the economic situation determines the fiscal policy in different economic operation cycle determines the use of government fiscal policy intervention in the economy,and the specific means of strength and direction.Since the reform and opening up more than 30 years,according to the situation and tasks in different periods,our country has promoted the development of economy and society by the use of fiscal policy control,and achieved good results.In this process,by the economic development stage,economic system transition,economic cycle and other factors,China's fiscal policy regulation has obvious stage characteristics.According to the situation of our country,the economic development in the past30 years shows obvious stage characteristics,which has a significant impact on the formulation and implementation of fiscal policy.In the early stage of reform and opening up,China's economic development is in the stage of preparing for take-off,and the key problem is to solve the problem of food and clothing.The focus of fiscal policy is to deal with the relationship between "eating" and "building".After 1992 Deng Xiaoping important speech,China's economy has entered a faster development and began to take off around the stage,to achieve the overall goal of a fiscal policy on the expansion of total amount and structure adjustment of both,to promote the expansion of the total priority.The first 10 years of the new century,China's economy is in rapid development and the transition stage of development,achieve this purpose as well as promote the sustainable economic and social development,both in the total expansion and adjustment of the situation,the fiscal policy takes in priority to promote the adjustment of economic structure and change the mode of economic development.From the perspective of the economic institution transformation,the experience of China's reform and opening-up could be divided into three big historical stages:making the important decision of reform and opening-up in 1978,putting forward the idea of preliminarily constructing the socialist market economic system by the end of the 20 th century in 1992,and continuously improving the new system and mechanism since the beginning of the 21 st century.Fiscal policy is affected by the change of the economic system and presents different stage characteristics,from the main body of regulation and control,the object of regulation and control,the means of regulation and control,the target of regulation and control,the decision-making process,the transmission mechanism,etc,which focus on the Three Relationship between the state,enterprises and individuals,the relationship between the central and local distribution,the relationship between planning,finance and banking.This article focuses on the analysis of the enterprise as the main body of the market and the development of the game between central and local government,fiscal policy in the macro-control system of the status of "three factors",and we can clearly see that stage have an effect on the transition of fiscal policy.The economic cycle also has a very significant impact on the regulation and control of fiscal policy.Since the reform and opening up,China's fiscal policy has focused on the "adverse economic wind direction",which has obvious anti cycle characteristics,and has played a role in inhibiting the cyclical fluctuations of the economy.From the practical point of view of China's fiscal policy decision,the change of China's fiscal policy orientation is consistent with that of the economic cycle,and always pays attention to the discretionary policy choice,better using of“compensatory fiscal policy”.At present,our country economic development has entered a New economic normality,since the reform and opening up more than 30 years since the biggest changes in the stage.Especially in the mature stage of industrialization,domestic labor supply and demand turning point,"Lewis turning point" have arrived.Then the economic growth rate has changed from high speed to high speed,and the structural problem of supply side has become the main contradiction and contradiction in the economic operation.We must accurately grasp the new situation,new tasks and new requirements of fiscal policy regulation and control,adhere to the supply side structural reform as the main line,from both sides of supply and demand synergy.From two aspects of quantity and structure of collaborative effort from both thegovernment and the market,with the twin engine afterburner collaborative "two hands",fiscal policy better play the role in promoting the steady and healthy development of China's economy.