| The tax-sharing system implemented in 1994, changed the pattern of"impoverishing central government and enriching the locality", ensured the central fiscal revenues, and played a strong role in fund protection of the state's macro regulation and control, government expenditures, dealing with unexpected events and so. The tax-sharing financial management system has been running for more than ten years, which has brought the local government great pressure on the balance of payment with serious fiscal deficit and many problems to be solved in the actual work because of the policy and other various reasons, despite of the remarkable achievement. So how to improve and perfect the local financial system is directly related to the consolidation of the reform in 1994 and the development direction of China's public finance. The thesis is analyzed with expansion under the macro background.Firstly, the functions of local government are discussed, and the necessity of grading the financial system for our country was clarified. Secondly, the financial situation of Shandong Province is analyzed empirically, taking the financial condition of Shandong Province of provincial level and Leling of county-level as examples, indicating the various problems still existed in China's local finance. In order to improve local financial system of our country, we must learn from other developed countries, taking the United States, Germany and Japan as examples, selecting the essence on the intergovernmental division of powers and expenditure, taxation and intergovernmental transfer expenditure which can be used for reference.The main gains of the thesis are as follows: firstly, it reflects the local fiscal problems clearly and intuitively with the empirical analysis; secondly, through in-depth study, we know where the roots exist; thirdly, based on the analysis of local financial system, it points out the main means to improve the local financial system further. |
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