The Notion of Fiscal Balance and the Sustainability of Active Fiscal Policy

The theory of fiscal balance is an important part of the system of public finance science.The contradiction between fiscal revenue and payment is the major contradiction of public finance.The contradiction between fiscal revenue and payment is absolute,while fiscal balance is relative,whose movement track isunbalance-balance-unbalance.On the other hand,fiscal revenue and payment are interdependent.That is,fiscal balance can be transformed into fiscal unbalance,vice versa.The sustainability of fiscal policy is in nature the issue of controlling fiscal risk.fiscal balanceandthe sustain ability of fiscal policyshare something in common,but aslo are different.Therefore fiscal balance policy should be implemented as an overall and medium-and long-term strategy.