Empirical Analysis on the Effect of Fiscal Transfer Payment in Guangdong Province and Its Optimization Countermeasures

The fiscal transfer payment system is an effective way to reduce regional financial differences and plays an important role in promoting the equalization of basic services in various regions. Based on the financial transfer payment data of 21 cities in Guangdong Province from 2013 to 2018, this paper first analyzes the basic financial situation of each region, then constructs a fiscal equalization indicator system and uses the coefficient of variation method to study the effect of the transfer payment system on the fiscal improvement of each region, so as to clarify the effectiveness of various transfer payment channels. Finally, provide a reference basis for optimizing the fiscal transfer payment system.