The Research Of Finance Absorbing Ability In Guangxi In Final Land Finance Period

Finance absorbing ability of local government plays an important role in the development of local economy, however, in recent years, some studies suggest that since 1994 our country started to entered the stage of system reform of the fiscal decentralization system, the central and local governments in the governance and financial power does not match the situation all the more obvious. Land finance become the main source of many local governments when they absorb finance, this caused many academic scholars concern for local government finance absorbing ability. In this paper, the research is also from the point of view of these problems, and try to explore the way to raise the finance absorbing ability of guangxi in final land finance period.Firstly, in order to clarify the relationship between the related concepts and the articles, this article try to explain some related concepts in detail, on the basis of the study,we sum up the theoretical basis, including the fiscal decentralization theory and sustainable development theory. These two theory run through the full text and is the core of the full text. Fiscal decentralization affects finance absorbing ability of the local governments, and in order to improve the finance absorbing ability of the local governments, our country will have to guarantee the sustainable development of finance.Secondly, this paper analyzes the current situation of finance absorbing ability in guangxi. The first part combed the basic situation of financial operation in recent years in guangxi. Then analyzes the way of financial fund in guangxi through the statistics, and obtained in recent years the non-tax revenue accounted for the proportion of fiscal revenue in guangxi is too high, the land finance accounted for the proportion of non-tax income is too high. Finally, based on the four indicators:the proportion of tax revenue accounted for general budget revenue; General budget revenue accounted for GDP; General budget revenue accounted for the proportion of available resources, To make a basic evaluation of finance absorbing ability in guangxi.Then, according to the evaluation results, this paper analyzes the main factors which are affecting finance absorbing ability in guangxi. one of the factor is system of tax distribution under the system of fiscal decentralization system in recent years, This causes a large number of Financial resources focoused on The central government, and influence the enthusiasm of finance absorbing for guangxi government. another factor is that guangxi government depend on land finance, which weakened the enthusiasm of finance absorbing for guangxi government.Finally, this paper draw lessons from the experience of improve finance absorbing ability in Hong Kong during the period of transition land finance to final land finance. The reason why this paper chose Hong Kong is that there are many similar factors between Hong Kong and guangxi, and during this period Hong Kong was very good to solve the problem of finance absorbing ability.Through the above research in this paper, we puts forward the following ideas and countermeasures:first, strengthening the Financial system reform at the system level, including the reform of the system of tax distribution, the land lease system, the transfer payment system; Second, we should reform the tax system, increase some suitable steady new tax during the final land finance period, which is include the building tax and property tax; Third, we should optimize industrial structure.