Optimization of Sharing Ratio of Agricultural Insurance Subsidy:A Perspective of Fiscal Expenditure Equity
This paper simulates the central government's insurance subsidy ratio for different varieties in different provinces from the perspective of fiscal expenditure equity.The results indicate that:(1)The way to divide the ratio of agricultural insurance subsidy between the central and local governments according to the geographic region does not narrow the difference in fiscal pressure;(2)The central government should be primarily responsible for food and important agri-cultural products,local governments should be primarily responsible for insurance of agricultural products with local characteristics;(3)The central and local government subsidy sharing approach based on fiscal spending equity enables central resources flow to provinces with a higher financial burden,and actuarial premium rate can further reduce the pressure in high-risk areas.Thus,this paper suggests that China should accelerate the actuarial calculation of agricultural insurance rates and risk zoning,while adjusting the sharing ratio of agricultural insurance subsidy between the central and local government from the perspective of fiscal expenditure equity.