| China has made important achievements in building a moderately prosperous society in an all-round way,but the imbalance and insufficiency of social and economic development at the present stage will continue to exist.With the continuous development of The Times and the improvement of the level of national governance,the government has gradually paid great attention to the budget system and performance management,which is also included in the nineteen CPC Congress reports were formally presented.This content is also in the tenth party.As a result,the local financial resources in China have been greatly improved compared with the past,and the social needs can be fully met at this stage.However,in this process,the expenditure is at a high level,and there is a large gap between expenditure and financial resources.Local governments are facing high economic pressure and debt risk is at a high level,which leads to a series of resource mismatch problems.And considering China’s aging population and urbanization and other serious problems,local governments are struggling in fiscal governance.Therefore,how to explore the impact of fiscal transparency on the cost of local government public governance has become the focus of scholars.In view of this,based on the research perspective of fiscal transparency,according to public goods theory and other relevant theories,this paper adopts fixed panel effect and other measurement methods based on the data of fiscal transparency of 289 Municipal governments in China published by Tsinghua University in2013-2019 research Report on Fiscal Transparency of Municipal Governments in China.Empirical analysis of the impact of financial transparency on local government public governance costs.The results show that the improvement of financial transparency helps to control the cost of public governance of local governments.Furthermore,the inhibitory effect of fiscal transparency on local government public governance costs has significant heterogeneity.After the implementation of the new Budget Law,the improvement of fiscal transparency in inland provinces,provinces with low fiscal transparency and the implementation of the new Budget Law is more conducive to restricting the growth of public governance costs of local governments.Based on the research conclusions,this paper suggests that,on the one hand,at the central government level,in order to ensure the smooth implementation of financial information openness and transparency to the maximum extent,corresponding legal protection should be established,relevant legislation should be constantly optimized and improved,and system construction should be completed.On the other hand,for the local government,in order to maximize the openness and transparency of information,it not only needs to pay attention to the disclosure of relevant information,but also should divide the main body responsibility,promote the diversified development of information disclosure channels,and improve the quality of disclosure.In addition,in order to maximize the smooth implementation of the construction of government financial openness and improve work efficiency,citizens’ democratic consciousness should be enhanced so that they can put forward corresponding suggestions and measures based on their own needs and safeguard their legitimate rights and interests. |
