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The Research on the Influence of the Real Estate Market on the Local Fiscal Revenue
Pages: 32-38
Year: Issue:  4
Journal: Xi'an Finance

Keyword:  real estate marketlocal fiscal revenuefunction mechanismregional difference;
Abstract: Since 2014, the real estate market in China has entered into the adjustment period, and the fiscal revenue growth has decline as a whole. Under this background, it is of great significance to deeply study the impact of the real estate market operation on the local fiscal revenue, improve the regulation policies on the real estate market and explore the stable growth mechanism of the local fiscal revenue. On the basis of collecting the current local budget system, the paper studies the operation mechanism of the impact of the real estate market on the fiscal revenue, makes a comparative analysis between regions on the importance of the real estate tax and land sales income in the local budgetary revenues, and studies the differences of the impact of the regional real estate market on the fiscal revenue using provincial regional data all over the country to set up the panel data model. The research shows that the real estate sales price is the important factor that affects the local finance revenue, and there exists a big difference among regions between the real estate market operation and the fiscal revenue. The paper puts forward policy suggestions from aspects such as improving the indemnificatory system of the multi-level housing.
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