财政透明的治理效应研究

Research on the Governance Effect of Fiscal Transparency

本文在评估过度支出和收入不足两种地方财政表现的基础上,利用地级市面板数据,检验财政透明的治理效应。结果表明:提高财政透明度有助于降低地方财政过度支出的规模,从而改善地方财政状况;其内在的机制是,财政透明度的提升强化了社会对财政和预算信息的关注,促进地方政府提高公共服务供给效率,降低过度财政支出。强度DID模型的结果也证实,新《预算法》对预算信息公开的法定要求通过增强地方财政透明度,能够显著降低地方财政过度支出。本文的政策涵义是,应通过细化和完善年度及中长期预算信息的公开内容,构建兼具信息公开和预警监督的透明财政运行体系,推动地方财政持续健康发展。

On the basis of evaluating the two local fiscal behaviors of excessive expenditure and insufficient revenue,this paper uses the panel data of prefecture-level cities to test the governance effect of fiscal transparency.The results show that improving fiscal transparency can help reduce the scale of local fiscal excessive expenditures,thereby improving local fiscal conditions;the internal mechanism is that the improvement of fiscal transparency strengthens the public’s attention to fiscal and budgetary information,and promotes local governments to improve public service supply efficiency and reduce excessive fiscal expenditures.The results of the intensity DID model also confirm that the statutory requirement of budget information disclosure in the New Budget Law can significantly reduce local fiscal excessive expenditure by enhancing local fiscal transparency.The policy implication of this paper is that by refining and improving the disclosure content of annual and mid-tolong-term budget information,a transparent financial operation system with both information disclosure and early warning supervision should be constructed to promote the sustainable and healthy development of local finance.