Abstract：Fiscal equity in compulsory education is the value connotation of a high-quality educational system and essential requirement for high-quality and balanced development. It is also the pathway to achieve high-quality development for migrant children's education. Drawing on empirical data collected in Guangdong Province， this study explores strategies for securing funding for compulsory education of migrant children and delineates pathways for achieving fiscal equity in education. Results indicate that governments of the inflow areas are greatly affected by the increase in the number of migrant children in general. They perform relatively well in following the principle of wealth neutrality and can provide fair fiscal funding guarantees that do not rely on the wealth of local residents. However， they perform poorly in solving horizontal and vertical inequities， which is mainly due to the pressure of the local population load and the population increase in the inflow areas. The fiscal transfer payment from central and provincial governments effectively alleviates vertical and horizontal imbalances， reduce local fiscal burdens and diminish disparities in resource allocation across inflow areas， and has achieved partial progress towards fiscal equity in education for migrant children. Nevertheless， considerable heterogeneity persists among cities and regions. Areas with higher concentration of migrant children exhibit more severe horizontal inequities， but it is showing a trend of easing， and there has also been a significant improvement in vertical equity and wealth neutrality. Based on these findings， it is proposed to gradually lift the restrictions on the enrollment and residency of migrant children， ensure that compulsory education resources fully cover all school age permanent-resident children in the inflow areas； increase the proportion of central and provincial fiscal contributions within intergovernmental funding mechanisms， and dynamically enhance the baseline funding and subsidy intensities； pay attention to regional differences， and solve the problem of horizontal inequity in the finances of migrant children's education in a flexible manner， and promote the high-quality development of migrant children's education with fiscal equity.
2025, Vol. 64 
