It redefines the fiscal functions of our public finance after analyzing the Western public finance theories and studying the current economic features of our country.

On the other hand, around the finance policy, I explain how the change of system influent regional margin, mainly from three aspects including public finance system, tax policy and transfer to pay.

In the frame of constructing public finance in China, the research on local financial expenditure performance will impel that on financial expenditure theory and perfect that on public finance theory.