关键词: 预算稳定调节基金, 财政调节, 跨年度预算平衡机制

Abstract: The establishment of a budget stabilization adjustment fund in China is mainly to achieve orderly management of fiscal overpayments, make up for deficits, and meet the needs of cross-year budget balance. This paper analyzes the interannual rate of change, regional differences, and supplementary transfers of the budget stabilization adjustment funds of the central and provincial governments from 1994 to 2018, and based on the perspective of cross-year budget balance, simulates and calculates different rolling cross-annual budget balance rate for all levels of government and different provinces during the cycle. The article finds that the budget stabilization adjustment fund has played a certain role in the correction of central fiscal revenue and expenditure deviations and local income deviations, and has also improved the balance rate of the fiscal rolling inter-annual budget. The best cycle for most provincial governments to achieve the balance of the fiscal rolling inter-annual budget is 3 years. This article also calls attention to the existence of such problems as obvious regional differences in fund sizes, unstable funding sources, imperfect inter-annual budget balance mechanisms and excessively large amount of idle and sedimentary surplus funds and tries to improve the budget stabilization adjustment fund system from three aspects of adjusting the fund scale, perfecting the medium-term budget and enancing the cross-year budget balance and performance management.

Key words: Budget Stabilization Adjustment Fund, Fiscal Adjustment, Cross-year Budget Balance Mechanism