Study On The Calculation Method Of Financial Burden Of Urban Public Housing Projects

China's public housing projects has been rapidly developed during the 12^th Five Year period,which is creditable to the strong support of fiscal fund and the government executive capacity.As important content in the 13^th Five Year Plan,public housing projects will bristle with difficulties such as mounting financial pressure and scarcity of land in the urban area.Based on this situation,quantify financial burden of public housing project is becoming urgent and of great value.This paper takes account of China's public housing system and related policies to establish general calculating methods for the financial burden of public housing projects,and takes Beijing as a case to realize the methods.Public housing projects relied on financial fund in the paper are distributed to public housing for sale,for rent and monetary subsides.For each type,the paper proposes calculation thinking and clarifies the logical relationship between various components,basing on the principle of separation of income and expenditure,principle of static calculation,etc..After finishing establishing the general calculating methods,it is applied to Beijing public housing projects to make out the explicit and implicit financial burden during the 13^th Five Year.Through the sensitivity analysis,factors that matters in the financial burden are discussed.Furthermore,combining the analysis with the current status of fiscal sharing in China's public housing projects area,the paper dissertates the main problems faced by the government and puts forward specific advice on mobilizing governments into public housing projects construction and rationalizing fiscal sharing.The current dissertation has come up with 3 major findings.Firstly,the financial burden of public housing projects in Beijing during the 13^th Five Year period is about400 billion yuan,of which explicit and implicit burden are quite close.Secondly,the financial burden of the monetary compensation part in the resettlement projects of Beijing accounts for more than 90%of the explicit expenditure share.?3?The financial burden of public housing projects is more sensitive to the housing price in market and the number of household verified in rent subsidies.Based on the analysis of the results of the calculation,combining with current status of fiscal sharing in China's public housing projects,this paper puts forward some suggestions on rationalize the financial sharing.By means of transfer district planning rights or development rights between districts,governments could be more mobilized into public housing projects.Through horizontal transfer payment system,local governments could be much willing and able to take public housing projects burden.Higher and lower levels of governments share the financial burden corresponding to the division of authority could lead to the financial burden sharing mechanism rationalization.