Fiscal Transparency, Management and Good State Governance: A Theoretical Analysis Framework

Abstract

Abstract: Improving fiscal transparency can affect the level of state governance by affecting the core of it - fiscal management. The path of fiscal transparency affecting fiscal management mainly includes the following aspects: controlling the fiscal scale from two aspects of income and expenditure; improving the fiscal efficiency from two aspects of the efficiency of the budget process and the management efficiency of the use of public funds; improving the fiscal security from the aspects of debt scale, debt overdue default, debt cost, debt information disclosure, public confidence and so on. In order to finally realize good state governance, we should start from the following aspects: first, to fully and truthfully open all caliber government revenue and expenditure information, comprehensive government fiscal report, medium-term rolling budget and government debt information in a timely manner in an effort to improve financial transparency. Second, to clarify the subject, time, procedure and method of government fiscal information disclosure to make sure fiscal information can be accessible. Third, to strengthen the supporting system of the government's fiscal information disclosure by perfecting the legal system and setting up a data network platform for fiscal information disclosure.

Key words: fiscal transparency, fiscal management, state governance, fiscal information disclosure

YANG Yaqin. Fiscal Transparency, Management and Good State Governance: A Theoretical Analysis Framework[J]. JOURNAL OF CONTEMPORARY FINANCE AND ECONOMICS, 2018, 0(1): 48-56.

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