| This thesis, in order to realize the policy result of the positive fiscal policy as the logic starting point that is originally studied in terms of economics, effect made through reviewing the positive fiscal policy and implementing in 7 years synthetically, summarize negative influence and financial risk hidden danger that may cause that the positive fiscal policy brings in the course. In draw lessons from abroad similar to macroecononiy succeed at the foundation of fiscal policy under the environmenting, regard construction and implementation of the moderate fiscal policy system as the research terminal point of the thesis. Namely the thesis, through analysing fiscal policy and system setting up , operation conditions, attempt to summarize the fiscal policy and operate the law , in order to structure the system of macro adjustments and controls of fiscal policy with Chinese characteristics, give full play to the macro adjustments and controls function for the fiscal policy and propose the author's thinking .Fiscal policy is instructive principle and relative measures for a government to adjust scale and balance of government revenue and expenditure, so that to achieve certain macroecononiy goals. By different function of adjusting national economy, the fiscal policy is divided into positive fiscal policy(PFP) and moderate fiscal policy(MFP).From the second half of 1998,in order to get rid of deflation, stimulate demand and accelerate economy, China began to carry out positive fiscal policy. Until last year(2004), the positive fiscal policy had been implemented for 7 years. As the result, the economy has been steadily increasing. The infrastrcture has been consummating. The structure of economy has been upgrading. The living level and employment have been obviously improved. The balanced development of different regions has been advanced. But at the same time, as the proactive fiscal policy being carried out, there come negative effects, such as bigger fiscal debt risk,contradiction of economic sutcture lower margin investing efficiency of capital in national debt squeezing out investment of nongovernmental business, triggering inflation pressure. Under such situation, the government decides to transit positive fiscal policy to moderate fiscal policy, to dull the inflation pressure from over hot of the economy, also to avoid fiscal risk.The thesis copiously expatiates the main content and effect of Clinton's balance budget policy, appraising his moderate fiscal policy. The author suggests that some detail adjusting experience and particular means of American fiscal policy should be of positive reference value.Perhaps the simplest and most obvious way in which the fiscal landscape has been revolutionized is the stunning change in the numbers:In FY1992 - the year before the Clinton Administration took office - the unified deficit of the Federal government ran a record $340.5 billion, or 4.7 percent of GDP. By contrast, in FY2000 - the fiscal year that Clinton leaving federal government - the Federal government set a different and more enviable record, with a surplus of $237 billion, or 2.4 percent of GDP.In 1992, the debt held by the public was nearly 50 percent as large as the GDP, and projected to increase to roughly 65 percent of GDP by the end of FY2000. In fact, the debt of FY2000 is only 35 percent as large as the GDP, and is projected on prudent assumptions to be eliminated by 2012 - even taking account of the President's spending and tax-cut proposals.The development of china macroeconomy makes perfect achievement, but on the other hand, some profound structural contradictions and systematic questions show and become obstacle of sustainable development of economy of our country gradually. These have proposedob|Oai-.i ilcmand to tranMtnrj the macro>c<;j ' |
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