Changes in China's Fiscal Revenue and Expenditure Structure During the "14th Five-Year Plan" Period: Characteristics, Drivers and Policy Optimization (Based on Data from 2019-2024)

Jiayue Lang; Yimiao Zhang; Ziqi  Gao; Chuheng  Lei

doi:10.71204/pms83121

Authors

Jiayue Lang Beijing City University Author
Yimiao Zhang Beijing City University Author
Ziqi Gao Beijing City University Author
Chuheng Lei Beijing City University Author

DOI:

https://doi.org/10.71204/pms83121

Keywords:

14th Five-Year Plan, Fiscal Revenue and Expenditure, Taxation, Sustainability

Abstract

Taking the 14th Five-Year Plan period as the research object, this paper systematically analyzes the characteristics of the change in China's fiscal revenue and expenditure structure and its drivers based on the fiscal data of 2019-2024, and puts forward corresponding policy optimization suggestions. The study finds that during the 14th Five-Year Plan period, the structure of China's fiscal revenue and expenditure shows the general characteristics of "low revenue before and high expenditure after, and rigid expenditure growth", and the structure of fiscal expenditure is constantly optimized, with the proportion of expenditure on people's livelihood continuing to increase, and the proportion of expenditure on economic construction decreasing. Empirical analysis shows that economic growth, changes in industrial structure, population aging and other factors are important factors affecting the change of fiscal revenue and expenditure structure. Based on this, this paper puts forward policy suggestions in terms of optimizing the structure of fiscal expenditure, improving the tax system, and strengthening fiscal sustainability, in order to provide reference for promoting China's sustainable fiscal development.

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