The Research On Public Finance Innovation To Promote Ppp In China’s New Normal

The infrastructure construction and the service of public utility provided by the PPP model explorated in our country a few years ago. At different stages of economic development in our country, the demand on public goods and service has changed. With the policy updating, the mode of providing public products and services is also constantly evolving, which includes the BT, BOT, TOT and different patterns. With the rapid development of economy, social capital eliminate backward and encourage the advanced in the fierce market competition, then it has a strong power in some areas. In technology research, on the one hand the social capital introduce the external advanced technology, on the other hand, it increases capital investment and create new technology by itself. In the business management, social capital is gradually making the modern enterprise system better and improving their management efficiency.In recent years the economic development of our country entered the new normal, the speed of economic growth gradually slowed. Some industries produce the overcapacity. We should adjust economic structure in time.Under the background of the new normal, our country promotes the supply of public products and services by the PPP mode. First, it introduces social capital with a strong competitive with the use of the PPP mode. The PPP mode improves the efficiency and meets the national reform of Supply-side. Second,it reduces the pressure of local government spending, reduces the debt scale of local government and perfects budget system in our country. Third, it perfects the system of budget in our country, sets up a budget to be carried over to the next year and considers the endurance capacity of the fiscal expenditure. At last, it perfects our country’s financial management system, makes Property rights match the duties and powers, and mobilize the proactivity of the central and local government.