Research On China’s Public Budgeting Practice And Reform

Recent years saw a growth of study on public budgeting. This phenomenon can be explained bythree reasons. firstly, increasing public budget reforms in china spur the theoretical research; secondly,prominent scholars and intellectuals pay much effort to popularize the ideal of public budget; thirdlywith the development of market economy comes the awakening of the consciousness of taxpayer, thepublic pay more attention to whether the public budget funding is used for public goals, and puthigher requirements for the efficient use of public budget funds. Against this social and academicbackground, this article is written to compare the theoretical and practical development of publicbudget in Western and in china, thus position the current stage of China’s public budget practice, andseek the most ideal ways of reforming china’s public budget system. The first chapter clarifies thepurpose of this thesis, significance, and domestic and foreign research status of the public budget, thesecond chapter mainly use contract theory and transaction cost theory from Institutional Economics toanalyse public budgets, the third chapter introduces Western development of the theory and practice ofpublic budgets, the fourth chapter describes the current situation of China’s public budget and themain problems, the fifth chapter concludes some experience of public budgeting reform, Chapter sixanalyzes the goals and direction of public budget that china should choose, Chapter seven concludessome of the results of this study and shortcomings.