A Study On Fiscal Transparency

Good governance has an essential meaning in achieving macroeconomic stability and high-quality growth, and fiscal transparency is a key aspect of good governance. "The Code of Good Practices on Fiscal Transparency-Declaration on Principles" and "Manual on Fiscal Transparency" of IMF have been the guidelines of the process in promoting fiscal transparency all over the world.In this article, we discussed the content, basic theory, significance, and other issues of fiscal transparency systematically, comprehensively and in-depth in the logical reasoning and interpretation ways. The relevant theoretical analysis of fiscal transparency was analyzed by economics analytical tools. We interpreted how to improve fiscal transparency according to the international norms. Some existed problems in Chinese fiscal transparency were pointed out by empirical analysis. And relevant suggestions were given based on the facts of China.The innovation of the article is that "The fiscal information is a public product" and the relevant fiscal transparency researching based on the idea. According to the multiple forces and factors which improve the fiscal transparence, four kinds of motive system (gravitation model, press model, thrust model and coupling model) were figured out; We researched the demands and supply of the fiscal information and discussed how the fiscal transparency is determined; We analyzing the logic relationship between the fiscal transparency and "consistent agreement"; Through analyzing the general cost of supplying fiscal information, we discussed the real fiscal transparency in the reality world.