State-owned Capital Management Budget: Historical Investigation And System Construction

With the promulgation of "Opinions On State-owned Capital Management Budget ",the work of State-owned Capital Management Budget in the central level was officially launched, which means the state-owned assets management system has came into a new stage of State-owned Capital Management Budget. Subsequently, the work of State-owned Capital Management Budget at the local level has also has been done throughout the country. However, the work of State-owned Capital Management Budget is still a new thing in our country. With little experience of foreign countries for reference, the work of State-owned Capital Management Budget is only in the pilot exploratory stage. The work still has many problems and controversy, which calls strengthening theoretical study to further clarification. This paper was carried out in this context.State-owned Capital Management Budget, in essence, reflects the relationship about the distribution of profits between the country and the state-owned enterprises, which has deep historical roots. The relationship about the distribution of profits between the country and the state-owned enterprises has came across four stages:from unified revenue and expenditure at the founding of the country, to unity of profits and taxes after the reform of the country, as well as the diversion of profits and taxes after the the direction of the market economic system, to the current State-owned Capital Management Budget at the framework of the diversion of profits and taxes, which all have their inherent law of historical development. Therefore, this paper first analysis the State-owned Capital Management Budget from the perspective of the historical development, to explore the characteristics and laws of the relationship about the distribution of profits between the country and the state-owned enterprises, which provides historical experience.Then, this paper analysis the development of State-owned economics in Western countries, analysis the emergence and development of the state capital budget and gets the experience of foreign State-owned Capital Management Budget. Then, this paper demonstrates the classification of property rights in vertical construction of the central and local State-owned Capital Management Budget, and the Complementary and convergence between State-owned Capital Management Budget and public budgets.Finally, based on the previous analysis, this paper builds an system of State-owned Capital Management Budget, which contains the framework of budget contents, budget preparation, budget implementation and budget oversight. To guide the work,this paper also provides the policy recommendations...