FU Runmin, etc: Construction of the Mechanism of China’s Public Financial Security Monitoring and Early-warning：A Theoretical Research Framework

Abstract：In a long period, specific society system and economic foundation keep China’s economy system stay safe, but it does not mean that we don’t have the potential systemic risk, or there won’t appear systematic economic risk in the future. From the perspective of fiscal operation, the problems produced in the process of establishment of public finance, such as expansion of financial expenditure, uncertain income and expansion of government debt, have become the potential risks of financial safety. If the financial risks lack effective early-warning and defusing in time, the possibility of the outbreak of the whole social economy crisis caused by financial crisis will be extremely serious. Therefore, based on remodeling the connotation and idea of China’s public financial security, this paper builds the theoretical framework of the mechanism of China’s public financial security monitoring and early-warning from three views of monitoring, early-warning and guarantee. Finally, it provides prospects for further research.

Keywords: Public Financial Security, Monitoring Mechanism, Early-warning Mechanism, Guarantee System