Xinjiang's Financial Problem In The Period Of ShengShicai

In the early years of the Republic of China, the pay of association of the financial lifeblood in Xinjiang broke off. Yang Zengxin, Jin Shuren was in power the time to take measures to cause the Xinjiang finance to support itself and to balance revenues and expenditures, however only fell into"the bill finance","the panic finance"situation . After Sheng Shicai was in power, On the premise of finishing chaos caused by war of the whole Xinjiang, depended on the help of Chinese Communists and the Soviet Union,from rectifying the financial currency, reforming the tax system, establishing and improving the Budget and Final Accounts system, improving the accounting system, making two construction plans of three years, issueing respects such as the construction bonds,etc. He had carried on a thorougher reform to the finance. These measure's implementation had stabilized Xinjiang's currency value, increased the financial revenue, strengthened to the financial work surveillance, expanded the economic development in the expenditure proportion, had been prosperous Xinjiang's farming and animal husbandry industry and commerce and the foreign trade development; Xinjiang's financial revenue and expenditure was caused to tend to gradually balanced, it could depend on own income to maintain the place the normal operation of local, and had achieved the goal which the Xinjiang finance supports itself, started to have the plan economic development time. The implementation of these measures will be in the future the formulation of fiscal policy in Xinjiang and Xinjiang's economic development has played the role of drawing.