On China's Proactive Fiscal Policy Optimization Strategy

Since the Southeast-Asia financial crisis erupted in 1997,its great shock and destructiveness instantly arrived at China. Meanwhile, the domestic economy was right in valley, the pressure of economic system reform was huge, structural surplus problem was sharp, economic growth glide rapidly and deflation was manifest. Above-mentioned several situations added together, the Chinese great micro economy suffered the great predicament. The positive fiscal policy was taken as the macro-adjustments issue, through a large number of national debts raise to strengthen governmental investment, expand the total social demand, and promote the economic growth.Up to the end of 2002, the implementation of the positive fiscal policy has had five years. Since the one year, the economy growth and system reform both benefited from positive fiscal policy. Practice has proved, the formulation and implementation of the positive financial policy of our country were in time and correct. But the adjustment of the positive fiscal policy was under discussion all along. Why? We know, it may only be a kind of short-term policy because it makes government expenditure keep on a higher level. Any extensive expenditure policy always brings the worry to the financial deficit and financial risk to us. Moreover, the policy running situation over the past five years was exposed to many questions too. Practice is telling us, relying mainly on expenditure positive fiscal policy cannot solve basic problem of economic development.But how to adjust the current positive fiscal policy? Answer and searching course of answer of have a suitable realistic meaning, It is the purpose of this thesis too. With history compare and experienceanalyses, According to logic system that" put forward question - analyze issue - answer issue", analysis as follows:First of all, through analysis the effect of expenditure effect, income effect and crowding-out effect three aspects to find out the total effect influence over the past five years showed that the policy result is remarkable; Secondly, according to present policy our basic problem of economic development is economic structure problem, our fiscal policy must move around the main contradiction. Third, according to the difference between supplying-type management theory and demanding-type financial management theory. Concrete to put forward policy implement the countermeasure of the way both in expenditure policy and income policy two great respect. The train of analysis clue was clear and in order.This thesis consists of four chapters.The main content are as follows:Chapter Ⅰ Put forward the question. Politics adoption and implement was because of 1997 Southeast Asia financial crisis. In home, the macro economy faced the great predicament. In order to expand the total social demand, promote the economic growth, central government formulated the positive fiscal policy in time, which has included expenditure and income two respects .on the one hand, Since these five years, the positive fiscal policy of our country all concentrated on expenditure mainly, The performance shows: Have solved the domestic demand scarce to a great extent, and improved economic structure and regional structure, expanded the consumption of resident, has improved the marginal propensity to consume, has promoted the present economic growth effectively. On the other hand, the policy of the income, corresponding tax policy supported the exit and adjust the industrial structure too. This thesis also discussed fiscal crowding-out effect too, explaining the positive effect is far greater than negative effects. Comprehensive domestic and international factor, our economicdevelopment could continue deflation in a long period, out-of-balance problems of the total supply and demand and structure were always there. the positive fiscal policy needed to keep in the next period.ChapterⅡ ,Analyze the question. Accept the first chapter request of continuing the policy, making a concrete analysis of the existing que...