ABSTRACT
China's economic structural reform which starts from the domain of distribution confirms the reform thought of "decentralization of power and transfer of profits" at the very start. The current social and economic situation causes difficulty in fiscal policy: the lack of total social demand threatens the target of economic growth this year. Overall accounting helps to balance priorities and realize integral profits without the limit of departments, but it doesn't mean that we can know nothing about the cost of realizing macroeconomic targets. The research on the cost of expansionary fiscal policy can use the shift of the scale of treasury bonds as a guide. The utilization of the funds collected by treasury bonds must differ from general fiscal funds. Stimulating the economy by expansionary fiscal policy doesn't mean lavish utilization of funds. On the contrary, no matter what it is, every item of expenditure should be arranged reasonably to get maximum benefits at minimum cost.
