Operation Mechanism Design Of Medium - Term Financial Planning

Eighth session of the "CPC Central Committee on Some Major Issues Concerning Comprehensively Deepening the Reform" adopted by the Third Plenary noted the financial basis is an important pillar of the state and governance, science and taxation system is to optimize the allocation of resources, maintaining market unity, promote social justice, to achieve system to protect the stability of the state. However, the current taxation system of a transitional nature, and promote a new round of fiscal and taxation reform has become China to further deepen economic reform in an important part. Standing current history node reform, for a new round of reform of taxation, as a breakthrough in the medium-term financial planning and taxation system, will greatly promote the process of tax reform.At present, China’s traditional budget management system, there are many defects, short-sighted issues, fragmentation problems, budget and fiscal expenditure policy disconnect between the annual budget as well as heavy investment in light of the traditional financial management thought seriously restricting the pace of budget management reform, if not timely attention and solve these problems, is likely to become a cancer promoting national governance systems and governance modernization modernization road. Medium-term financial planning is an important part of the reform of budget management, traditional budgets incomparable advantages, and in solving the above problems on a good performance.A medium-term fiscal plan is to change the location of the key functions of our budget and policy issues disjointed, build a bridge between the two, both to achieve coupling. Only in the medium-term fiscal planning framework to guide the annual budget in order to more scientific and direction, in order to plan more feasible. China has been preparing the five-year plan for national economic and social development, which provides strategic direction and focus for the next five years, economic and social development of our country, it is having a legally binding document. Then how to achieve convergence with the medium-term fiscal planning and the annual budget and five-year national plan of convergence, give full play to the role of a bridge medium-term fiscal planning become crucial advance on medium-term financial planning of a ring road.In the early 1980 s, Australia formed a prototype medium-term fiscal planning in many developed countries, medium-term fiscal planning system has matured and institutionalized. From the national development situation, all countries attach great importance to achieve medium-term fiscal planning and budget coupling effects between the national long-term planning, but also long-term practice to explore a lot of valuable experience can learn from.This paper is divided into five parts. The first part is an introduction, mainly introduces the research background, research methods and significance of the article, while the medium-term fiscal plan summarizes the conclusions and results of studies on domestic and foreign. The second part explains the basic theory and basic concepts of medium-term fiscal planning, including the contents of the medium-term financial planning, the preparation of principles. The third part analyzes the status quo on the basis of analysis of the present stage of budget management proposed the introduction of medium-term fiscal planning in addressing the need for policy convergence and budgetary issues. The fourth part is the analysis of typical practical experience of national and international organizations, foreign countries have for the effective implementation of the medium-term financial management, such as Australia, the United States, Russia, the United Kingdom practice situation was summarized from the realization of the "two Cohesion" proposed angle the medium-term financial planning operation mechanism can learn from experience. The fifth part around the "convergence of two" to make recommendations on the operation mechanism of medium-term fiscal planning. Design, programming and organizational division of labor and methodological issues, and proposed other measures to safeguard the implementation of medium-term fiscal planning."Barry is only half of 90" ! For the Chinese government management reform, especially reform of financial management, the insurance and long road, real test just arrived.