当积极财政政策遭遇“L”型增长:周期性财政政策的渐进稳健之路

发布时间：2018-06-07 22:46

本文选题：财政政策 + 新常态　；参考：《地方财政研究》2017年09期

【摘要】：常态下使用积极财政政策,意味着扩张性财政政策的常态化。本轮积极财政政策已经超期服役而疲态尽显,有逐步走向稳健的需要。伴随着中国经济进入新常态和"L"型增长轨迹的确认,向稳健财政政策过度的基础已经基本具备。地方债置换导致的政府债务的累积,政府存款暴涨背后的政府支出低效率和由于财政收入增速下滑、财政支出增速的上涨给财政可持续性和公共部门的稳健运行带来的挑战,供给侧结构性改革、尤其是去杠杆过程的推进,都要求适度稳健的财政政策。解决中国经济的中长期问题,不能依靠常规的周期性财政政策,而是应当引入结构性赤字和长周期预算,构建符合中国制度和发展特征的多层次财政平衡体系。
[Abstract]:The use of active fiscal policy in the normal state means the normalization of the expansive fiscal policy . The positive fiscal policy of this round has been out of service and its fatigue is very weak . It has been basically possessed by the government debt caused by the replacement of local debt . With the growth of local debt , the government expenditure on the back of government deposits is low efficiency and due to the decline of fiscal revenue , the government expenditure increases to the financial sustainability and the steady operation of the public sector . It is not necessary to rely on the traditional cyclical fiscal policy , but rather to introduce the structural deficit and long - cycle budget to construct a multi - level financial equilibrium system which is in conformity with the Chinese system and development characteristics .
【作者单位】：中国社会科学院;
【基金】：国家社科基金重大项目“正确处理经济平稳较快发展、调整经济结构、管理通胀预期的关系研究(12&ZD038)”
【分类号】：F812.0

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