The Impact of Fiscal Expenditure on the Regional Economy

As China's economy has entered the new normal, the economic growth rate has changed from high-speed growth to medium-high-speed growth, and the development has changed from quantity to quality. Economic development is facing severe domestic and international situations, economic globalization is facing great challenges, multilateralism has been impacted, unilateral trade protectionism is on the rise, the international financial market has also been shaken, and the trade friction between China and the United States has further escalated. In the economic transformation, China is faced with a series of difficult problems, such as cyclical structure, and uncoordinated regional development. To achieve the two centenary goals and complete the building of a moderately prosperous society in all respects. The Yangtze River Delta economic circle and Sichuan-Chongqing economic circle, as the coastal and inland economic areas, have developed into the region with the strongest comprehensive strength and significant strategic supporting role in China. This paper selects the data from 2011 to 2020, explores the relationship between fiscal expenditure and economic growth of the two places through empirical analysis, and gives suggestions on economic growth according to the empirical results.