Constructing A Scientific and Efficient Special Transfer Payment System

From the perspective of division of financial authority and expenditure responsibility

Shujing Hou

Institute of Finance and Public Management, Anhui University of Finance and Economics, Bengbu, 233030, China

Abstract: The reasonable division of power and expenditure responsibility between central and local gov-ernments is the basis of establishing a scientific and efficient special transfer payment system, and also the precondition of establishing a reasonable financial relationship between central and local governments and promoting the coordinated development of regional economy. From the perspective of reasonable division of central and local financial powers and expenditure responsibilities, this paper deeply analyses the problems existing in the current stage of special transfer payment projects, and puts forward suggestions on how to con-struct a scientific and efficient special transfer payment system from three aspects.

Keywords: Special transfer payment; Fiscal authority; Expenditure responsibility