Analysis on Ternary Paradox of Fiscal Distribution: Theory And Mitigation Methods
|International Journal of Economics and Management Studies|
|© 2019 by SSRG - IJEMS Journal|
|Volume 6 Issue 11|
|Year of Publication : 2019|
|Authors : Jia Kang, Su Jingchun|
How to Cite?
Jia Kang, Su Jingchun, "Analysis on Ternary Paradox of Fiscal Distribution: Theory And Mitigation Methods," SSRG International Journal of Economics and Management Studies, vol. 6, no. 11, pp. 63-72, 2019. Crossref, https://doi.org/10.14445/23939125/IJEMS-V6I11P108
This paper proposes the ternary paradox of fiscal distribution. Firstly, it points out the three goals of fiscal distribution: tax cuts, increased public welfare expenditures, and control of government debts and deficits, among which there are only two goals can be achieved at the same time. This paradox has brought obvious and difficult problems in China’s current government regulation and control .There are inevitable responsibilities of the
regulatory authorities to face up to the ternary paradox. To mitigate the ternary paradox, it is necessary to pay special attention to the institutional innovation and comprehensive supporting reform in four aspects of spending less money and doing more work, making good use of money and doing practical things, borrowing less and doing more work and expanding the fiscal sources and optimizing the powers.
fiscal distribution, ternary paradox, mitigation method