中美2014财政收支对比.doc

The Comparison of Government Spending and
Revenues in China and America in 2014

Class：IA133

Name: Gao feng

Students number: 0131531

Content

l Abstract
l The United States government spending and revenues in 2014
l The government expenditures and revenues of China in 2014
l Comparing the government spending on China and The US in 2014
l Comparing the government revenues on China and The US in 2014

With the rapid development of national economy ,all of the world are developing .Fiscal expenditures and revenues is now playing an essential part in national economy. Whether the government is financial deficit or surplus makes a big difference .
The United States government spending and revenues
There are three levels of governments in the US: federal, state, and local. Current spending for federal, state and local governments, and also total overall spending mutually has not much relationship. Federal spending includes grants and transfers to state and local governments. State and local government spending includes “direct” spending on programs only.
The following table of American government spending and revenues suggest much information . According to the pie chart ,we can easily conclude that American government spending’s main composition are pensions ,health care,education, defense and welfare and some other about the 21 percent of the total American government expenditure was on health care,and pensions also makes up 20 percent . These two kinds of government spending has almost occupied a half of the total spending . In addition ,national defense and education have also took up an approximate 30 percent .And the total spending in 2014 was about 6 trillion, 2014 is a fiscal deficit year with a government revenue of 5.8 trillion.What comes the next is about the American government revenue . As the same pie chart of total revenue in the united states,we can recognize that the biggest source of government revenue comes from income taxes , which has a 36 percent share. Compared to income taxes, social insurance taxes has a sight lower share of 26 percent. Beyond that ad valorem tax , fees and charges and business revenue.

The government expenditures and revenues of China in 2014
In 2014, facing the complex international and domestic economic situation, financial departments at all levels actively take effective measures, efforts to ensure the steady growth of fiscal revenue, strengthen the basic public service, safeguard and improve people's livelihood, national fiscal revenue and expenditure budget implementation in good condition. What comes to the first is about the education which occupy the biggest share with a 23 percent .According to the government spending in 2014,we can easily get that the main spending was on social security with a 16 percent share. The second biggest was on agriculture water expense ,next is the urban and rural community expense,which takes up a 17 percent share.In addition ,expenses on transportation and medicare have the same share of 13 percent . And as well as the spending ,the next comes to the revenue ,the biggest revenue of government comes from corporation tax .with a share of 18 percent ,and then comes to sales tax of 13 percent . Tax revenue makes up more than 60 percent ,non tax revenue take up less than 30 percent .in addition ,we find that the transportation expense also

has a 11 percent share..
Comparing the government spending on China and The US in 2014
As can be seen from the graph, pension, education welfare, three, US expenditure proportion is similar, but the medical expenditure, the expenditure proportion China only half of the American. Chinese pension expenditure in the financial expenditure (including pensions of civil servants and some institutions) and the social security fund in the pension expenditure. Welfare is also so, including finance and funds expenditure. Need to pay attention to is, the social security fund in the America corresponds to social security tax,social security tax expenditure is a part of the tax expenditure. In addition Two great gap between defense and government agencies, Chinese defense accounted for only USA of less than 4 into, and government expenditure is just the opposite. At the same time, animal husbandry and forestry and water China larger expenditure And the people in the image difference is educational expenses, because many reported that China education spending accounted for only a fraction of the developed countries,but the actual is not. Education expenditure accounted for a very large proportion Chinese government spending (and Japan quite), this point actually calculates slightly can. The 2009 National Primary and secondary school teachers in the total amount of 15000000 or so, financial education funds is 12231 trillion, can be seen, the majority of education used to give the teacher wages.
Comparing the government revenues on China and The US in 2014
Chinese government revenue can be divided into three parts: the fiscal income, social security fund income and government funds. As the contrast USA government revenue, contains the part such three: taxes, fees and commercial income.For China,the biggest revenue source was on corporation tax and sales tax, tax revenue has made up more than 60 percent .compared to The US , their main government revenue comes from income tax and social insurance tax,which is very different from China. And The US has little revenue from tariff,which is quite strange .
Personal opinions and comments on the comparisons
According to all the information I have talked, we have known different have different kind of fiscal expenditures and revenue, it depends on a country’s own situation .China does do that . Compared with American’s government expenditure and revenues ,China still has a gap to meet the basic requirements of public finance with Chines characteristics. At the present stage in order to establish public finance with appropriate to market mechanism and the conditions of the country..

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