How to realize the better integrated disaster risk governance by public financial investment in China?

ABSTRACT Catastrophe risk has become one of the important factors threatening the sustainable development of the world. Facing the catastrophe risk, the government bears the responsibility of integrated disaster risk governance. The Chinese government’s involvement in integrated disaster risk governance begins with financial pressure, and the limited nature of existing public finance requires the government to optimize fiscal investment. How to achieve the optimization of the Chinese government’s public financial investment in integrated disaster risk governance is the core topic of this paper. This paper first analyzes the role of the government in the integrated disaster risk governance, and then analyzes the optimization problem of government public financial investment from the structural system and functional system of integrated disaster risk governance. This paper holds that the government needs to accurately evaluate the disaster risk and the cost and benefit of investment in the integrated disaster risk governance. Finally, this paper analyzes the difficulties faced by the government in terms of cost and benefit of integrated disaster risk governance, and proposes that the government’s ability to cope with catastrophe needs to be improved from the aspects of study and judgment ability of catastrophe chain, catastrophe impact and disaster relief resource reserve capacity.