Sponsor(s): Society of Public Finace of China
12 issues per year
Current Issue: Issue 04, 2020
《Public Finance Research》adheres to the purpose of "prospecting the frontier, facing the modern and facing the world", and reflects new achievements, new trends, new experiences and new knowledge in the research and practice of Chinese financial theory from multiple angles, levels and fields. Serve the reform and development of China's financial sector. scope：Financial basic theory research and innovation, financial discipline construction and development, macroeconomics and policies, financial management system, fiscal system, government revenue and expenditure system, financial and social development issues, major international financial issues
Public Finance Research,2020,No. 04
The unexpected epidemic of COVID-19 will badly affect business of small and medium-sized enterprises and employment, as well as stable operation of macro economy. Fiscal and tax policies will play important roles in this combat over the epidemic of COVID-19. However, either tax cuts or spending increases would expand the government fiscal deficit, and the restriction of 3% of the ratio of fiscal deficit to GDP should be broken in this special period. But in the long run, we should never insist on the structural deficit policy, which will result in huge public debt. To deal with the epidemic, governments should take stronger measures in macro-economic controls, spend more budget money in public health, introduce some effective fiscal and tax policies to relieve difficulties of enterprise business, and to implement employment priority policy.