Abstract
Budget performance management is not only the core element of financial management of public institutions in China, but also an important basis for public institutions to perform their duties. Budget performance evaluation is an important carrier of budget performance management. It assumes the important functions of optimizing resource allocation and controlling cost. Its level is an important indicator to measure the scientific management of public institutions. Strengthening budget management and improving expenditure efficiency and effect are the key points of the new budget law. Combined with the current situation of public institutions in China, this paper analyzes and studies the challenges faced by public institutions and the problems existing in budget performance evaluation after the implementation of the new budget algorithm, and puts forward corresponding countermeasures and Suggestions, hoping to provide important support for strengthening budget management and improving the level of budget management of public institutions in China.
Highlights
If capital is the blood to nourish and protect the survival and development of the public institutions, the budget will be the heart to organize the blood supply
According to the Interim Measures for Performance Evaluation Management of Fiscal Expenditures issued by the Ministry of Finance, the budget performance evaluation refers to the fair and impartial judgment on the economy, efficiency and effect of the budget completion made by the public institutions through setting a series of evaluation indicators, standards and methods according to the relevant national regulations and their own characteristics [3]
The budget business management and decision-making body is responsible for listening to the budget decision execution analysis report, as well as reviewing and finalizing the final accounts and performance evaluation report of the institution; the budget business management body is generally responsible for preparing the final report and relevant performance evaluation reports of the institution, and the budget management executing body is responsible for providing relevant data for budget execution
Summary
If capital is the blood to nourish and protect the survival and development of the public institutions, the budget will be the heart to organize the blood supply. Strengthening the budget performance evaluation of public institutions is crucial for improving the capital use efficiency and effect. It is specially required in the Budget Law implemented on January 1, 2015 that the budget performance management shall be comprehensively strengthened during the budget management of public sectors and the review of budget and final accounts of the National People’s Congress [2]. It can be seen that the budget performance management has run through the whole process of budget preparation, review, execution, supervision and final accounting in the new Budget Law, which shall clarify the performance targets of capital use in the budget preparation, improve the budget execution efficiency and, more importantly, pay attention to the budget execution effect and carry out performance evaluation. Mao Chengyin: Research on Existing Problems and Countermeasures of Budget Performance Evaluation of Public Institutions in China from the Perspective of the New Budget Law management of public institutions and a key measure for public institutions to strengthen financial management and enhance budget performance
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