Volume 07 Issue 06 June 2024
1Han Qing, 2Ren Jingyi, 3Doris Padmini Selvaratnam
1,2,3Bangi, Selanhor UKM
DOI : https://doi.org/10.47191/ijsshr/v7-i06-30Google Scholar Download Pdf
ABSTRACT
As a public finance model with Chinese characteristics, people's livelihood finance is rooted in China's current national conditions and development stage. This concept marks a major shift in China's development strategy, from a single fo cus on economic construction in the past to a comprehensive development model that attaches equal importance to economic growth and people's well being. This change not only reflects the country's great attention to people's livelihood issues, but also indicates that China's economy and society are moving towards a new stage that pays more attention to people's livelihood. However, translating ideas into concrete policies and practices does not happen overnight, and requires time to settle and co ntinuous explorati on. Therefore, the key to the construction of people's livelihood finance is to reasonably determine and optimize the scale and structure of financial expenditure in the field of people's livelihood. This paper aims to deeply analyze the current sit uation of China's fiscal expenditure investment in the field of people's livelihood, explore its development trend through empirical an alysis, and reveal the existing problems. Specifically, this paper first makes a quantitative analysis of the scale of China's f iscal livelihood expenditure to reveal its changing trend over time. Then, we will further explore the changes in the expenditure structure, i ncluding the proportion and distribution of investment in key livelihood areas such as education, health care and social security. On this basis, this paper will reveal the existing problems of the current financial expenditure on people's livelihood. In order to deeply analyze the reasons behind these problems, this paper will further explore the main factors that le ad to the scale and structure of fiscal expenditure on people's livelihood. These factors may include unclear policy guidance, imperfect fisc al system, and imperfect supervision mechanism. Through the in depth analysis of these reasons, this paper aims to provide targeted optimization suggestions for the construction of livelihood finance.
KEYWORDS:people's livelihood; fiscal expenditure; scale; structure; optimization; countermeasures
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