A Study On Perfecting The System Of Local Public Financial Framework In Qingdao

With the economy in Qingdao is walking up to a comprehensive, harmonious, continuably developing and new stage, fiscal income and expenses grows fast and shows a benign cycle, and the local financial system is gradually changing from "productive and constructive finance" to "Public Finance". However, at the same time, hidden dangers in the elementary, policy, structural and restrictive factors in the economic development have appeared, and inevitably will show on different levels in public finance. In view of this, how to maintain a strong or steady potential for further development for local public finance in Qingdao and the public financial construction problems become important issues which are very concerned about by the academic practical circles.According to the basic theory of public finance and the practical needs for the local government to build public finance system, the basic framework for Qingdao to build local public finance system is: "Fiscal revenue of Standardization, fiscal expenditures of the public, legal system of financial supervision, regulation and control of the macro system. "On the above basic framework, the paper demonstratively analysizes the Qingdao Municipal Construction of the public finances. Overall, the framework of public finance in Qingdao has been constructed basically, that has played an important role in economic and social development in Qingdao, but there is still a gap between it and the nature of public finance. Firstly, considering the fiscal revenue, now Qingdao has builder a financial system to support the building which takes developing as a driving force and efficiency as an orient, but there is still a lack of stamina for revenue growth and inherent structural contradictions of fiscal revenue which restrict improving the quality of tax revenue and its steady growth. Secondly, considering financial expenditures, its structure of Qingdao is being optimizing in adjusting, the local expenditure especially capital expenditure plays a significant role in promoting the economic growth, but its inherent structure needs further adjustment and optimization. Thirdly, compared to the legal public finance management system, the local finance in Qingdao has not yet become truly a financial main body and the financial power between country and village is unbalanced. Fourthly, local financial macro regulation and control and ensuring ability are continuously being enhanced, but considering the needs that the problems in Qingdao of economic and social development are urgently to be resolved in "11th Five-Year Plan" period, such as changing the economic development mode, the need to further strengthen the public finances and macroeconomic regulation and control capability is on the agenda.In view of the above problems, the paper presents specific countermeasures for Qingdao to further improve the local public financial framework. Firstly, develop economic resources to form a long-term public revenue growth mechanism. Secondly, optimize the structure of public financial expenditures to show the publicity of finance. Thirdly, Deepen the reform of the tax system, construct a legal public financial management system. Fourthly, further strengthen public financial macro-control capacity.