On the Classification of Democratic System and the Democratization in Local Finance

Abstract

Local finance system is the core of local systems and the democratization of local systems is the condition and guarantee of the democratization of local finance system.Therefore,the paper introduces concretely democratic issues of local finance both under decentralization system and centralization system in foreign countries.It places emphasis on the problems of local finance under centralization system and puts forward concrete measures about the democratization reform of local finance in China.