Scale and Structure Evolution of Local Non-tax Revenue in China(1999-2019):Based on the Perspective of Legalizing People's Congress Budget Supervision
As the focal point of tax reform,non-tax revenue is the core and key of cost reduction in deepening supply-side structural reform.Throughout the evolution of tax revenue and non-tax revenue in countries around the world,although the proportion is different,there is a common feature,that is,economic growth is positively correlated with tax revenue and inversely correlated with non-tax revenue.Since 2018,economic downturn pressure has intensified,tax revenue has been growing slowly,and local governments tend to seek new sources of finance,resulting in an abnormal growth of non-tax revenue.Based on the quasi-natural experiment of provincial budget supervision regulations legislation,this paper studies the impact of local people's congress budget supervision on local government non-tax revenue with the help of provincial panel data from 1999 to 2019.The results show that:(1)In the regions where provincial budget supervision regulations are enacted,both the budgeted and final size of non-tax revenue have decreased.(2)Heterogeneity analysis showed that the effect was stronger in regions with higher fiscal decentralization and after the implementation of the New Budget Law.(3)Mechanism analysis shows that local people's congresses mainly reduce the size of non-tax revenue by strengthening the supervision over the administrative and institutional fees.The conclusions of this paper further enrich the research on tax and fee policies,and provide empirical evidence for better balancing the relationship between tax and fee reduction policies and local fiscal sustainability,improving non-tax revenue and the construction of the people's congress budget supervision system.
万方数据
