Research On The Problem Of Land Finance And Its Governance In Yongtai County

Since the 1994 tax reform,the central government has withdrawing financial power and devolved its duties,which have led to serious problem that economic rights of local government can not be consistent with its responsibilities.In the meantime,the acceleration of industrialization and urbanization needs the government to invest large sums of money,which leads to increasing pressure on local finance.China is now carrying out the urban-rural dual land system and land expropriation system,the main drawback of these systems is the result of local governments rely on selling the use right of land,obtaining related taxes,and mortgage finance as well,which is so-called "land finance",and it has also led to many social problems,such as high prices,land expropriation conflicts,and landless peasants living security problems.Therefore,how to minimize the negative effects of "land finance" is a problem that needs further study.The article is on the basis of combing the relevant literature at home and abroad,according to fiscal decentralization theory,land property rights theory and principal-agent theory,field investigation methods,statistical analysis and other research methods are applied,the concepts of land finance,land leasing system and soft budget constraint are defined,the article focuses on the development of "land finance" in Yongtai County,and analyzes the degree of dependence of local government on"land finance" from selling the use right of land,obtaining related taxes and mortgage finance.Then,the article systematically analyzes the characteristics of the land revenue in Yongtai County,such as "inverted U",tax revenue excessive dependence on real estate,and emphatically reveals the financial risk,financial risk,debt risk,social risk possibly caused by "land finance".It analyzes the influencing factors from two aspects of internal and external,it is considered that the reform of the tax sharing system and the drawback of the land system are the main external causes,however,local officials' performance evaluation,Competition between local governments and role dislocation are the main internal causes,The interaction of these internal and external factors has resulted in a special historical period of "land finance".Finally,according to Yongtai county's "land finance" degree of dependence and its risk situation,the article puts forward a series of countermeasures and suggestions from different angle of reforming county land related system,land tax system,performance evaluation system and innovative government financing,and strives to provide a valuable theoretical reference for the local government to shake off the plight of "land finance".