China's traditional financial theory and western financial theory on the status of the differences in the understanding of fiscal science

The differences between China's traditional financial theory and the western financial theory on the status of the understanding of finance are as follows:

1, the value orientation is different: China's traditional financial theory focuses on the interests of the social public **** and the national interest, while the western financial theory emphasizes the market economy and individual freedom.

2, different theoretical foundations: China's traditional fiscal theory to Confucianism as the main theoretical basis, while the western fiscal science to economics as the main theoretical basis.

3, the research content is different: China's traditional fiscal theory research focuses on the country's overall financial balance, tax system design and other issues, while the western fiscal science is more focused on the government budget, public **** debt management, welfare policy and other issues.

4, the research method is different: China's traditional financial theory is mainly used in the combination of literature research and empirical research, while the western fiscal science in addition to these methods, but also focus on the use of mathematical and statistical techniques to analyze and solve problems.

The application is mainly reflected in the following aspects:

1, the design of the tax system: China's traditional fiscal theory that the tax should be in the interest of the public **** as the starting point, emphasizing social equity and people's well-being, so in the design of the tax system focus on the principle of equality, stability and justice.

2. Budget management: China's traditional fiscal theory holds that budget management is one of the most important means of maintaining national stability, and therefore focuses on the rational allocation of resources, strengthening of internal control, and improvement of transparency and accountability in the areas of budgeting, implementation, and supervision.

3, public **** financial management: China's traditional financial theory emphasizes that the government should protect the people's basic life, education, health care and other needs, so in the public **** financial management focus on the interests of the social public **** interests and the national interest, to promote the public **** financial transparency and standardization.

4, financial reform: China's traditional financial theory that financial reform should give priority to maintaining national stability and promoting economic development, and therefore focus on the actual situation and problem solving in the reform of the fiscal and taxation system, reform of government institutions, decentralization and so on.