Research on value-based state-owned capital management budget system

Abstract

As the state-owned enterprises are making further reforms and all levels of State-owned Assets Supervision and Administration Commission of the State Council have been established, there is the need to set up a set of state-owned capital management budget, to better reflect the investment and utility of state-owned capital and realize the value preservation and increment. This essay first makes clear the target, main body and composing elements of state-owned capital management budget. The realization of the target of state-owned capital management budget in essence depends on ldquovalue creationrdquo, around which this essay raises the value-based state-owned capital management budget system. Researches discover that economic profit is closely related to ldquovalue creationrdquo, and has great advantage in measuring the value preservation and increment. On this basis, this essay raises the controlling variants and standards of state-owned capital management budget, to form a complete budget control system. Meanwhile, it analyzes the relations between state-owned capital management budget, governmental financial budget and enterprisespsila management budget.