论文部分内容阅读
在讨论我国宏观经济政策的近期文献中,一些学者认为过高的税收增长率弱化了以扩大财政支出为特征的积极财政政策的作用,因此主张在继续扩大财政支出的同时实行减免税政策,使财政收入政策与财政支出政策相协调,将宏观调控的重心转向刺激投资需求。但在扩大财政支出的前提下减免税涉及国债的承受力即国债的规模问题。本文在多马债务负担率收敛条件研究的基础上,从国债负担率的收敛条件角度给出了国债适度规模的动态条件。且本文给出的国债适度规模动态条件的突出特征是考虑到了税收增长率的约束作用。运用本文提出的国债适度规模动态条件对我国积极财政政策的分析表明,债务负担率具有稳定收敛的性质,国债没有超出适度规模。由于经济增长率明显超过债息率、税收增长率明显超过经济增长率、财政收入增长率明显高于约束条件值,因此,我国确实存在实行减免税政策的可能性和实际空间。
In the recent literature discussing China’s macroeconomic policies, some scholars think that the excessively high tax growth rate weakens the role of a proactive fiscal policy characterized by the expansion of fiscal expenditure. Therefore, it advocates the introduction of a tax reduction and exemption policy while continuing to expand fiscal expenditure so that The fiscal revenue policy is coordinated with the fiscal expenditure policy, shifting the focus of macroeconomic regulation and control to stimulating investment demand. However, under the precondition of expanding fiscal expenditures, tax reduction and exemption involves the issue of the carrying capacity of national debts, that is, the scale of national debts. Based on the research on the convergence condition of the debt burden rate of Thomas, this paper gives the dynamic conditions of the appropriate scale of government debt from the perspective of the convergence condition of the national debt burden rate. And the prominent feature of the dynamic scale of the moderate scale of the national debt given in this paper is that it takes into account the restraint effect of the tax revenue growth rate. The analysis of the proactive fiscal policy in our country using the moderation of the scale of the national debt proposed in this paper shows that the debt burden rate has a stable and convergent nature and the national debt does not exceed the appropriate scale. Since the economic growth rate clearly exceeds the debt-to-interest rate, the tax growth rate obviously exceeds the economic growth rate, and the growth rate of fiscal revenue is obviously higher than the constraint value. Therefore, there is indeed the possibility and actual space for the implementation of the tax reduction and exemption policy in our country.