Empirical Analysis on Influencing Factors of Financial Revenue in Sichuan Province

Abstract

Fiscal revenue is an important means of macroeconomic regulation and control of the country. It is the financial guarantee to perform and realize government functions. It can effectively allocate resources and income distribution, and then help the stable and healthy development of national economy. According to the relevant data of Sichuan Province from 2000 to 2020, four explanatory variables, namely fiscal expenditure, regional GDP, tax revenue and fixed asset investment, are selected to construct a multiple regression model. Using Eviews10.0, the multiple regression model is estimated, tested and corrected. The empirical results show that the change of fiscal revenue in Sichuan Province is mainly affected by tax revenue and fixed asset investment. Finally, combined with the analysis results, suggestions are put forward for the fiscal revenue growth and economic development of Sichuan Province.