Study of the Impact of Fiscal Transparency on Local Government Debt
DOI:
https://doi.org/10.54097/uundg8veKeywords:
Local Debt Scale, Fiscal Transparency, Proxy, Soft Budget ConstraintsAbstract
Since socialism with Chinese characteristics has entered a new era, the important task of reforming the fiscal and taxation system has been put on the agenda, and the report of the Twentieth National Congress proposes to accelerate the improvement of the modern financial and budgetary system, and it is necessary to establish a comprehensive, standardized and transparent budgetary system with scientific standards and strong constraints. This paper starts from the direction of standardization and transparency to study the problems related to fiscal transparency. We do empirical analysis and research on fiscal transparency and local debt scale, and finally conclude that there is not a single relationship between the two, but both promote and inhibit the effect. Finally, it puts forward relevant suggestions from the perspectives of fiscal transparency, proxy and budget constraint.
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