With rapid development, the agriculture in the European Union （EU） is al- ways in the wodd＇s leading ranks, and with relatively complete systems, the devel- opment of agricultural budget in EU also has achieved a l...With rapid development, the agriculture in the European Union （EU） is al- ways in the wodd＇s leading ranks, and with relatively complete systems, the devel- opment of agricultural budget in EU also has achieved a lot. China＇s agricultural budget has been improved gradually with the rapid economic development, but also has exposed a series of problems. Therefore, countermeasures and suggestions are proposed through the comparative analysis on the agriculture budgeting, budget en- forcement, budget supervision between Europe and China.展开更多
This paper aims to inquire into an objectively authentic budget constraint in a monetary economy through showing two missing problems of the monetary budget constraint and their solutions. To start with, we show the f...This paper aims to inquire into an objectively authentic budget constraint in a monetary economy through showing two missing problems of the monetary budget constraint and their solutions. To start with, we show the first missing problem that money is “missing” if all agents expend their total budgets under the simple budget constraint. This problem shows that the simple budget constraint is inadequate as an objective monetary budget constraint. A deficiency of the simple budget constraint exists partly in that it does not reflect money circulation. To improve this deficiency, we incorporate the expenditure reflux formula into the simple constraint. The first missing problem is partially solved by the application of this reflux budget constraint, but another problem occurs. The new problem is that infinite expenditure is permitted under this constraint. This is the second missing problem. The second problem appears to be a variation of the solvability problem of the money circulation equation. Referring to the proof of the solvability, we incorporate a time irreversible disposal into the budget constraint. This irreversibility budget constraint brings us a provisional solution of the missing problems. However, it should not be called a perfect solution. We also examine the relationships between our research and two previous studies: the finance constraint and the cash-in-advance model.展开更多
Local and central governments are concerned to develop fiscal policies that are based on principles already enshrined in the literature as the principle of equity and/or the principle of fiscal appropriateness. Beyond...Local and central governments are concerned to develop fiscal policies that are based on principles already enshrined in the literature as the principle of equity and/or the principle of fiscal appropriateness. Beyond these principles, the governments want to make sure that all taxpayers have the capacity to pay at maturity the tax debts owed to the public budget. In crisis situations, as recent experience has shown, governments adopt fiscal policy measures, with the sole purpose of procuring financial resources to cover the huge government budget deficits. In this situation, a natural question arises： Do governments need, for the elaboration of their fiscal policy, an analysis that takes into account the taxpayer＇s budget？ Or is it sufficient that they confine only to the theoretical principles enshrined in the literature or the tax paying ability of the taxpayers？ The answer can only be affirmative, because any taxpayer＇s budget is an inexhaustible source of resources for the public budgets. It is undisputed that in the taxpayer＇s budget, the tax expenditures coexist with other categories of expenditures such as consumption expenditures, durable expenditures and public utilities expenditures. Each expenditure type is risk-bearing. To study the structure of budget expenditures within the taxpayer, the authors suggest the use of three indicators innovative for the science of public finance： the risk, the sensitivity coefficient and the coefficient of volatility. Depending on the values registered by the three indicators of fiscal policies, expenditures can be classified as risky, volatile and sensitive which may lead to risks of failure to collect the taxes and/or to tax evasion. Innovative for the science of public finances is that the fundamentation of the fiscal policies is realized using the three indicators, the budget of the taxpayer and the networking between the categories of expenditures that fall within its budget structure展开更多
The state budget balance is always an extremely important issue for each government.In 2020,Vietnam has a relatively small-scale economy.Its economic scale and GDP per capita reached 271.2 billion USD and 2,779 USD re...The state budget balance is always an extremely important issue for each government.In 2020,Vietnam has a relatively small-scale economy.Its economic scale and GDP per capita reached 271.2 billion USD and 2,779 USD respectively.Budget revenue is still limited,but the need for recurrent spending and development investment is still very large now and in many years to come.In the past time,budget revenue and expenditure are in a situation of not having the necessary balance,the state budget deficit has been still around 4.5 percent of GDP.The actual state budget revenue and expenditure balance have been revealing several disadvantages.Faced to such a situation,the author would like to present some important issues about the state budget revenue and expenditure and propose key solutions to increase the efficiency of state budget revenue and expenditure in Vietnam.展开更多
基金Supported by the Soft Science Project of the Ministry of Agriculture(201603-2)~~
文摘With rapid development, the agriculture in the European Union （EU） is al- ways in the wodd＇s leading ranks, and with relatively complete systems, the devel- opment of agricultural budget in EU also has achieved a lot. China＇s agricultural budget has been improved gradually with the rapid economic development, but also has exposed a series of problems. Therefore, countermeasures and suggestions are proposed through the comparative analysis on the agriculture budgeting, budget en- forcement, budget supervision between Europe and China.
文摘This paper aims to inquire into an objectively authentic budget constraint in a monetary economy through showing two missing problems of the monetary budget constraint and their solutions. To start with, we show the first missing problem that money is “missing” if all agents expend their total budgets under the simple budget constraint. This problem shows that the simple budget constraint is inadequate as an objective monetary budget constraint. A deficiency of the simple budget constraint exists partly in that it does not reflect money circulation. To improve this deficiency, we incorporate the expenditure reflux formula into the simple constraint. The first missing problem is partially solved by the application of this reflux budget constraint, but another problem occurs. The new problem is that infinite expenditure is permitted under this constraint. This is the second missing problem. The second problem appears to be a variation of the solvability problem of the money circulation equation. Referring to the proof of the solvability, we incorporate a time irreversible disposal into the budget constraint. This irreversibility budget constraint brings us a provisional solution of the missing problems. However, it should not be called a perfect solution. We also examine the relationships between our research and two previous studies: the finance constraint and the cash-in-advance model.
文摘Local and central governments are concerned to develop fiscal policies that are based on principles already enshrined in the literature as the principle of equity and/or the principle of fiscal appropriateness. Beyond these principles, the governments want to make sure that all taxpayers have the capacity to pay at maturity the tax debts owed to the public budget. In crisis situations, as recent experience has shown, governments adopt fiscal policy measures, with the sole purpose of procuring financial resources to cover the huge government budget deficits. In this situation, a natural question arises： Do governments need, for the elaboration of their fiscal policy, an analysis that takes into account the taxpayer＇s budget？ Or is it sufficient that they confine only to the theoretical principles enshrined in the literature or the tax paying ability of the taxpayers？ The answer can only be affirmative, because any taxpayer＇s budget is an inexhaustible source of resources for the public budgets. It is undisputed that in the taxpayer＇s budget, the tax expenditures coexist with other categories of expenditures such as consumption expenditures, durable expenditures and public utilities expenditures. Each expenditure type is risk-bearing. To study the structure of budget expenditures within the taxpayer, the authors suggest the use of three indicators innovative for the science of public finance： the risk, the sensitivity coefficient and the coefficient of volatility. Depending on the values registered by the three indicators of fiscal policies, expenditures can be classified as risky, volatile and sensitive which may lead to risks of failure to collect the taxes and/or to tax evasion. Innovative for the science of public finances is that the fundamentation of the fiscal policies is realized using the three indicators, the budget of the taxpayer and the networking between the categories of expenditures that fall within its budget structure
文摘The state budget balance is always an extremely important issue for each government.In 2020,Vietnam has a relatively small-scale economy.Its economic scale and GDP per capita reached 271.2 billion USD and 2,779 USD respectively.Budget revenue is still limited,but the need for recurrent spending and development investment is still very large now and in many years to come.In the past time,budget revenue and expenditure are in a situation of not having the necessary balance,the state budget deficit has been still around 4.5 percent of GDP.The actual state budget revenue and expenditure balance have been revealing several disadvantages.Faced to such a situation,the author would like to present some important issues about the state budget revenue and expenditure and propose key solutions to increase the efficiency of state budget revenue and expenditure in Vietnam.
