中文摘要：

研究目的：分析县级土地财政收入存在的问题，并提出对策建议。研究方法：文献资料法、归纳分析法、比较分析法。研究结果：中国县级土地财政中存在过度刺激建设用地扩张、土地财政刺激房地产业超常发展从而助长房地产泡沫、土地收入分配不合理、土地税费体系不合理、财政收入过度倚重房地产业、土地财政推高县级财政金融风险、土地收益分配缺乏监管等问题。研究结论：应正确看待土地财政收入的必然性和阶段性规律，合理设定省县两级财权，调整土地出让方式并加强对县级土地出让金的收支管理和权利约束，加强持有环节税收建设、预算外收费清理工作、县级政府融资渠道建设，以增加县级政府多元化融资能力。

英文摘要：

The purpose of the paper is to analyze the existing land finance problems of county-level government in China, and to provide countermeasures and suggestions. Methods employed are documentation, inductive analysis and comparison analysis. The results indicate that there are several problems with governmental land finance at county level, which are （1） real estate bubble; （2） irrational land revenue distribution; （3）irrational land taxation system; （4） the financial revenues are overly relying on the real estate industry;（5）the county-level financial risks raised by land financial revenues; （6）supervision absence on land revenues. The first reason for the existing problems is over-stimulation on construction land spread, and the second reason is the over-development of the real estate industry due to local finance-hunger phenomena. It is concluded that （1）the inevitable and p~riodical trend of land finance should be treated properly; （2）the administration power on land finance at provincial and county levels should be distributed reasonably; （3）adjust the land leasing modes and enhance the management and right restriction of land leasing revenue at county-level; （4）in order to promote the diverse sources of county-level governments financing three measures should be taken into account. One is the taxation on land holding, the second is allowing extra-budgetary cancellation, and the third is enlarging the finance source for county-level governments.