On the Fiscal Responsibility for Compulsory Education

Abstract

The author argues that,in terms of policy,the establishment of China's public financial system laid the foundation for identifying and implementing the fiscal responsibility for compulsory education.Because compulsory education is a kind of pure public product,the government should completely bear the fiscal responsibility for it.We should integrate centralization with decentralization in labor-division among governments in different levels to realize a balanced development of compulsory education.The key for Beijing municipal government to implement the fiscal responsibility for compulsory education is to clarify the common responsibilities of city and local finance,and the municipal government should increase investment in compulsory education.