The financial power is one of the most important and fundamental power, no matter from the angle of practice or theory, the financial and financial power play a very important role in social and economical exercise of a country.

As a hot topic in the law circle, Putting financial power into constitution is considered a breach to establish constitutional government.

Excessive fiscal decentralization of extra-budgetary and its adverse effect on China s economic growth;

Fiscal Decentralization and Economic growth in China:A New Hypothesis and Time Series Test;

Mechanism of impacts of fiscal decentralization on economic growth: Theoretical exploration and empirical analysis;

Based on feudal system,the kings as highest lord in medieval England enioved a series of fiscal prerogatives,including imposing taxes on county farm,gracious aid,relief,wardship and marriage,the Royal Forests,wnich brought a Vast amount of revenue for the kings.

For promoting the process of financial democratization,we must further enhance financial transparency,optimize public opinion expression mechanism on finance,persist in financial management in accordance with the law,strengthen financial supervision,reasonably restrict the financial discretion of the government,and reasonably define the financial discretion of the local government at all levels.

The financial autonomy is a very important right in the local economy in minority autonomous regions.

Evolution of Chinese national financial system reveals that in reforming financial system,financial autonomy was not put much emphasis on,which was caused by a series of false understandings.