Research On The Impact Of Fiscal Transparency On The Efficiency Of Social Security Expenditures In My Country

In the report of the 19th CPC National Congress,it was clearly stated that "the establishment of a comprehensive.standardized,transparent,standardized and scientific budget system with strong constraints will be the focus of Chinaundefineds future reform."This has played an important role in promoting the reform of the budget system,and the disclosure of financial information is the most important part of the budget reform.In theory,the improvement of fiscal transparency will enable the public to have a clearer understanding of the direction and use of government revenue and funds,and at the same time,funds have been monitored by the public in the process of circulation of different links.The naximum guarantee of the efficiency of the use of financial funds.lt can be said that the improvement of fiscal transparency plays an inlportant role in strengthening the credibility of the government,and also alleviates the information asymmetry between the government and the public.With the development of the social economy and the further improvement of the peopleundefineds material conditions,the demand for social security of the social masses has also been further promoted,and simply to improve the social security.The scale of investment in the field of social welfare can no longer meet the needs of the public,how to promote the efficiency of social secerity spending has attracted much attentbn.Therefore,this paper holds that it is of great practical significance to study the effect of fiscal transparency on the efficiency of social security expe nd iture at the provincial level in China.That is to say,it is of great significance to study whether the improvement of fiscal transparency can have a positive effect on the efficiency of regional fiscal and social security expenditure,and then promote and improve the high-quality development of regional social security level.Firstly,by constructing the input-output index of social security expenditure efficiency,this paper uses DFA-Malmquist index analysis to analyze and evaluate the social security expenditure efficiency of 30 provinces(except Tibet)in C hina from 2012 to 2016.The results show that the overall efficiency level of Financial and social security expenditure in China is not high,the average score is only 0.65,and there is little difference in pure technical efficiency.Therefore,the decline of scale efficiency level leads to the reduction of its overall efficiency level.From the two dimensions of input and output,the investment-efficiency distribution of financial and social security expenditure in China is in an unbalanced state,and the high input of nearly half of the provinces does not bring the corresponding high-effieiency output,at the same time,the investment-efficiency distribution of the financial and social security expenditure in China is in an unbalanced state.The efficiency of social security expenditure is not consistent with the development of regional economy.Based on the result of the above-mentioned efficiency,this paper uses Tobits panel data model to analyze the effect of fiscal transparency on the efficiency of social security expenditure in China,and divides the efficiency of social security expenditure into three dimensions:comprehensive efficiency,pure technical efficiency and scale efficiency are analyzed empirically.According to the pessimistic situation and the optimistic situation theory of Healim(2003),we first consider whether there is a quadratic regression relationship between the two,and it is concluded that there is such a relationship between the financial transparency of the region and the efficiency of the social security expenditure,and if there is a positive "U" type,According to the results of-panel data regression,the effect of fiscal transparency on the efficiency of social security expenditure is further compared.The results show that fiscal transparency has a positive "U" relationship to the overall efficiency and scale efficiency of social secirity expenditure,that is,in the initial stage of increasing fiscal transparency,it inhibits the improvement of social security expenditure efficiency.With the further improvement of the level of fiscal transparency,after reaching a certain point,the comprehensive efficiency of social security expenditure will be improved.At the same time,the effect of fiscal transparency on the pure technical efficiency of social security expenditure is not significant.