Thoughts on the Construction of China's Public Finance Framework

摘要

In the past three decades, China's public finance has gradually changed from a fiscal system that adapts to the planned economy to a fiscal system that adapts to the market economy. However, the development of the public finance system in China is still not perfect. In this regard, this paper analyzes the connotation and characteristics of public finance from the perspective of public finance theory, and compares the public finance system between China and the West. It reviews the development status and construction of China's public finance framework. Later, on the problems faced by China's current establishment of a public finance framework, it puts forward proposals for reforming the government fiscal system, establishing a local public debt system, and constructing a financial supervision system. Finally, it expounds that China's fiscal system construction has shifted from public finance to modern finance, and illustrates the relationship between the two.