Study On Local Finance Of Chongqing Based On The New Development Concept

Since 1997, the local budgets of Chongqing as crown has been developed rapidly, which play a tremendous role to the local economic and social development. However, facing the new domestic and international economic and social development situation , it is necessary for people to study the Chongqing's local financial development issues. Chongqing's financial development should adapt the new international economic situation; the scientific concept of development also requires local governments to establish a scientific concept of financial management; the western development policy raises the new demands on the development of Chongqing. Therefore, the development of ideas on solving the practical problems of Chongqing's Financial required urgently.The scientific concept of development is not only the new concept of thinking to guide China's modernization construction, but also the basic guidelines to local financial system reform in China. The entire financial system is an important part of economic reform, and local financial reform is the further deepening of local tax division. So we must use the scientific development concept as a guide to further deepen the local financial system, improve the local financial system so that the local financial and economic get to virtuous circle, which brought the overall coordination of national economic development.In order to propose targeted development proposals, the paper analyzed the Chongqing's local historical financial data, and clarified the main problems on specific areas of the Chongqing's Financial currently. First, self-financing capacity is not optimistic and economic growth benefits need to be strengthened. Chongqing Municipality administration has 42 counties, 969 townships, and construction financing has always been an important issue, the gross domestic product of the local revenue contribution is still not stable enough. Secondly, fiscal income and expenditure is the problem of irrational structure yet to be resolved. Extra budgetary undermine the existence of the government coordination and control of macroeconomic and social development; the proportion of the economy, construction spending, and the community too small proportion of expenditure management; the purchase of a large proportion of expenditures, metastatic small proportion of expenditure. Thirdly, the problem of asymmetry between financial authority and power still exists, financial layers upward concentrated, and decentralization of powers has continuously. Fourthly, developed urban economic circle, West Chongqing Economic Corridor, and the Three Gorges Reservoir Ecological Economic Zone, the three major economic zones have big gaps between revenue and expenditure levels. Finally, local financial risk is still at a high level, especially the risk in the budget deficit increasingly.Based on the real issues, this paper discusses the development of ideas, including the establishment of stable revenue growth mechanisms; sound public expenditure protection mechanisms; deepening the reform of the management system of local budget; regulation Chongqing Municipality three regional economic and financial gap; the establishment of local financial risk warning mechanism. Each of the proposals has done a detailed analysis and the corresponding exposition. Of course, the analysis is not comprehensive, the creation of a public finance system problem needs to be further in-depth study.