The Studies On Supervision Mechanism Concerning Budget Execution By The Standing Committee Of Local People' Congress

The budget is the core of Finance. Whether we can achieve the budget target depends on the implementation of budget. Budget supervision, means the state power organs, administrative organs, judicial organs and other departments supervise the whole process of budget making, execution, and adjustment, to ensure its authenticity, legality and effectiveness. This supervision throughout the entire budget process, it is a major component of budget management system, and also a fairly critical part of public finance and a key to realize the financial transparency. The budget supervision by local people's congresses stands for the local people's congresses and their standing committees should review, approve and alter the government budget, and supervise the implementation of budget. People's congress and their The Standing Committees have right and duty to monitor the budget implementation according to the Constitution and laws .But for a long time, this work have not been done well. The surveillance is a kind of procedural supervision which is nominal and inefficient. In China, the Local people's congresses supervision covers budget balance; key expense arrangement; capital flow condition; extra income disposal; department budget regulations and the implementation of those rules; budget transfer to sub-section finance and the implementation of Local people's congress' approval of budget; review the arrangement and use of financial subsidies, etc. This power is authorized by Constitution and related laws. This supervision represents the authority and criterion, it is exclusive and independent. During this process, the standing committee of local people's congress should always adhere to the laws. Implement the monitoring after making the budget, to ensure the financial balance. Considering the specific and changeable circumstances, it is necessary to take flexible forms of supervision, keep on exploring new ways of supervision to improve the quality and level of this work, and finally ensure the budget implementation. Unfortunately, currently the supervision faces many difficulties, for instance, relevant legal system is still not perfect; the procedures lacks optimization; Supervisory institution and its model need to be improved. Responsible people can't get and share the budget implementation condition information. All of these problems make the supervision mere formality without effectiveness. Based on the studies on the power to supervise the budget execution, this paper discusses the shortcomings of supervision of budget execution and the reasons behind it. This paper also tries to find ways to improve the power of the Standing Committee of Local People' Congress to supervise the budget execution so as to enhance the supervision execution effect, promoting China's democracy and legal system construction, building a socialist political civilization.