Analysis Of Problems In Improving Fiscal Transparency Of China

Publicity is an important feature of the modern budget, transparency is an important principle for financial management of modern government which requires government publish all financial information initiatively, which is so-called budget information. The international community has now reached a basic consensus that budget transparency is a key aspect of good governance, which can promote responsibility of whom formulates and implements the fiscal policies. It can help to won an informed public support. The developed countries, developing countries and countries economies in transition driven by international and regional organizations are beginning to make efforts to enhance budgetary transparency. As the market economy and democratic governance's promotion, government, social organizations and citizens become more concerned about the transparency of government budgets,the budget publicity has become a hot topic. In Two Sessions held in March 2010, increasing budget transparency was written into the government work report by the State Department. However, improving budget transparency need series of related reforms with huge systematic project and continuously experiment or explore.This paper discusses the five standards of budget transparency from legislative, preparation, approval, implementation and audit. It also takes a basic assessment of our current budget transparency. It learns the experience of reform budgetary transparency from developed countries and combines with China's current status and proposes to the basic ideas and related initiatives of continue to improve TFiscal TransparencyT. Full-text is divided into the following sections:Chapter I introduces the research background of TFiscal TransparencyT. First of all, define the concept of transparency in the budget; studies at home and abroad forefront of budget transparency point of view.Chapter II analyses and expounds the theoretical basis and practical significance of promote China's Tfiscal transparencyT. It straights out the budget transparency mainly from public finance, principal - agent, new public management theory, and combines with the current international and domestic situations which will play a guiding role in the theory better.Chapter III takes a basic assessment of our budget transparency. It studies the standards of transparency from budget legislation, preparation, approval, implementation and auditing aspects, and gives a basic evaluation and analysis to current Chinese situation.Chapter IV does an anatomy to the reason of lack of fiscal transparency in China. The chapter does a detail analysis of this phenomenon from socio-cultural, political will, safeguard mechanism and technical means which take for the idea behind the administration and civic attitudes is not strong, resulting in the formation of the budget information is not benign interaction between supply and demand sides; accounting system reform lagging behind, not to establish long-term financial planning and budgetary information provided by financial sector can not meet the basic requirement of transparency.Chapter V proposes the basic ideas and relevant measures to improve the transparency of our budget continuously. And also, explores ways to enhance Tfiscal transparency of ChinaT from the legal system construction and techniques.