What Is the Expenditure Approach?

The form of fiscal expenditure refers to the specific way in which the government distributes the fiscal revenue collected by the state to each unit of use. For a long time, the main form of fiscal expenditure in China has been fiscal appropriation. In order to improve the efficiency of the use of fiscal funds and strengthen the economic responsibility system of the units that use the funds, the state began to implement a "disbursement, reform, and loan" pilot for capital construction investment in 1980, and in 1984, the "distribution, reform, and loan" system was comprehensively promoted, resulting in fiscal credit expenditure The method is fiscal loans. ^[1]