Synthesis of Research on Fiscal Transfers for Coordinated Regional Development

Abstract

The fiscal transfer system, a crucial instrument for encouraging coordinated regional development is the fiscal transfer system, which is a significant component of the contemporary financial system and a key tool of national governance. As China's coordinated regional development policy has been implemented more thoroughly in recent years, the central government has boosted its transfer payments to local governments and proceeded to reform and enhance the fiscal transfer system. There is some practical value in investigating how finances transfers affect to regions coordinated growth. The role of regional coordinated development, the importance of implementing fiscal transfer payments, and its effects on regional coordinated development are the main topics of this paper. It also offers a cross-regional macro overview of regional coordinated development and makes pertinent recommendations from the standpoint of spreading regional coordinated development in the new era. This paper's theoretical investigation demonstrates that both special and general transfer payments support the local economy.