Study On Public Finance Emergency Mechanism In Emergencies

With the progress of industrialization, urbanization, globalization and the rapid development of economy and technology, people’s living standard has been improved obviously. While in the meantime, public risk and public crisis is the normalcy in the modern society. In recent years, our country has suffered lots of emergencies, natural disasters, accidents, public health incidents and social safety incidents make people’s life full of uncertainty. In recent years, a series of incidents happened, such as the Southern Snowstorm, the WenChuan earthquake, the H7N9flu and the Ya’an earthquakes. The Chinese government has responded promptly and effectively, and turned out a strong guarantee when facing the unexpected emergencies. But there is a lack of public financial emergency response mechanism, and without that there must be some danger and imbalance for financial structure. So an emergency response mechanism is indispensable part of public finance framework.Finance is the last line of firm defense for public security, and an indispensable means to deal with emergencies. Research on public financial emergency response mechanism will help to enhance the ability to withstand emergencies, reduce losses and risks. As the overall emergency response mechanism is not running very well, there are also some shortcomings in financial emergency response mechanism, such as insufficient investment in pre-disaster prevention, the shared responsibility is not clear during the emergencies, post-disaster recovery and reconstruction are not perfect and so on. Based on research of domestic and international public finance practice, this paper discusses the problems of emergency response system in China, make an attempt to construct the framework of public financial emergency response mechanism.Firstly, this paper introduces the theory of public finance and emergency management, in order to lay a solid theoretical foundation; Secondly, take the WenChuan earthquake as the example, analyze the current situation and problems of public finance emergency mechanism; Finally, the paper puts forward some countermeasures and suggestions to build a well-functional mechanism.