Fiscal transparency in China is divided into three periods，i.e. Transparency 1.0， Transparency 2.0 and Transparency 3.0，according to the difference of subject-oriented budget information disclosure. The system construction of budget information disclosure and the application of government information publicity are the fundamental force that speeds up the fiscal transparency transformation. The fiscal transparency survey in 31 provinces in 2014 and 2015 show that open standards are not unified and the scope of budget information disclosure is vague. All these institutional barriers lead to low fiscal transparency and transparency varies with budget type.Finally, based on the two aspects of increasing the fiscal information disclosure to government supply and guarantee of citizen’s application for government information disclosure, recommendations are made in order to improve the fiscal transparency in local government and promote the modernization of national governance system and governance capability.