Analysis of Fiscal Transparency in China

Abstract

Fiscal transparency refers to the mechanism and system that all the financial information and financial activities are released to public. Fiscal transparency can effectively promote the efficiency of the government, standardize government behavior and improve the level of people’s livelihood; which is the inevitable requirement of socialist market economy, the basic step of government management legalization, the fundamental guarantee of constructing public finance framework. Along with the progress of legalization and the acceleration of the public finance system is increasingly in China, fiscal transparency becomes more and more serious, the government and the public on fiscal transparency are increasingly high degree of concern. In this article, through longitudinal comparing China’s fiscal transparency and transverse drawing on the advanced experience of foreign financial transparency, describe the significance of the fiscal transparency, expound the existing problems of fiscal transparency in China, put forward a series of the improvement measures to improve the fiscal transparency in China.