Research On The Optimization Of Fiscal Expenditure Structure In China

In the past 20 years or so,maintained a high rate of economic growth,many countries in the world but with economic growth in the widening income gap,economic growth results cannot be evenly and a series of problems worse.Also,in our country since the reform and opening up,the tolerance is serious,the government of public service,the supply of equalization,national income gaps and corruption phenomenon,lead to cause many social problems,and even affect the sustainability of economic growth.Inclusive growth is the premise of growth,fiscal policy plays a vital role in national economic growth,governments at all levels in the use of fiscal policy intervention in the economy in China has increasingly mature,but unsatisfactory performance in respect of the people's livelihood.The government can use transfer payment system,tax system,social welfare and adjusting fiscal expenditure structure impact on income distribution pattern,the function of fiscal policy suggests that can sound fiscal policy should be to promote economic growth and pay attention to the policy fair share the attention livelihood of the people.The absence of fiscal policy in respect of the people's livelihood shows that the current policy design is not reasonable,based on the concept of inclusive growth to perfect the design of fiscal expenditure,to coordinate economic growth and fair distribution is the antidote to solve the problem of weakening in today's society and people's livelihood development.Therefore,in the design in the concept of inclusive growth,optimizing the structure of fiscal expenditure,the fiscal expenditure policy in guarantee under the premise of economic growth,promote economic growth results fair distribution,to our country to promote and implement concept of inclusive growth has certain reference function.This article selects 31 provinces and municipalities directly under the central government panel data from 2006 to 2015,using GMM estimation method to build based on cobb-Douglas function of fiscal expenditure and economic growth,carries on the empirical analysis of the relation between income distribution model.Research shows that narrowing the income gap can boost economic growth,and economic growth can narrow the urban-rural income gap.Education spending boosts economic growth,but it widens the income gap;Social security expenditure reduces economic growth to a certain extent,but it can narrow the income gap between urban and rural areas.Medical expenditure can not only promote economic growth but also reduce the gap between urban and rural income.The expenditure of agriculture and forestry is not conducive to economic growth,and the impact on income gap is not significant.Spending on science and technology can effectively boost economic growth,but it is not conducive to the improvement of income gap.On the basis of this,this paper puts forward some corresponding policy Suggestions on the optimization of our fiscal expenditure structure.