Research On Improving Fiscal Transparency Of China

<The Decision on Major Issues Concerning Comprehensively Deepening Reforms> was adopted in the Third Plenary Session of 18th CPC to put forward, the general purpose of deepening its all-round reform is to advance modernization in the state governance system and governance capability, moreover fiscal is the basis and important pillar of national governance, so fiscal transparency construction is an important precondition and guarantee to built the nation governance system which is characterized by effective interaction among government, society and market.On the basis of fiscal transparency rules of IMF, this paper takes example by other extensive used meanings of fiscal transparency in academia, put forward four standard measures of fiscal transparency. Based on four criteria, this paper discusses the situation of financial transparency and proposes the feasible way to improve our fiscal transparency. The text is composed of the following five parts:The first part, Introduction. Introduces the significance of the topics and literature review, the research contents,framework, methods, innovation and deficiencies of the article.The second part, the concept of fiscal transparency and its theoretical basis. Including the definition of fiscal transparency and its connotation and denotation, the fiscal transparency measures.The third part, first analysis the meaning of fiscal transparency, then reviews the process of our countries'financial information opening, proposes four criteria to measure the fiscal transparency: Financial information disclosure subject, financial information object, the standardization of information disclosure, the content which the finance information disclose is whether reasonable. At last, this part puts forward the existing problems and deepens contradictories of fiscal transparency on the basis of four criteria.The fourth part, introduces the actual fiscal transparency policies of the developed countries and analysis the suitable policies can draw lessons from.The fifth part, based on the Institution Change Theory, several practical suggestions aiming to enhance the fiscal transparency are presented, taken both experience of the developed countries and current situation of our country into account.