Study Of Budget Management Of State-Owned Capital Operation

Government public budget, social security budget and state-owned capital operation budget constitute basic framework of government double-entry budget of China. The foundation of state-owned capital operation budget management system,which has vital significance to the improvement of state asset management system, of the government budget framework, to the protection of state asset investor' s legitimate rights and interests, to the adjustment of the state economy layout and industrial structure. But compared with government public budget and social security budget, the state-owned capital operation budget management involves more theory breakthrough and method innovations, so some practical problems such as cognition, technology, and law need to be solved. Central government and local governments are actively exploring and practicing state-owned capital operation budget management, experiment of state-owned capital operation budget management has been made in Shanghai, Shenzhen, Beijing, Wuhan, and other cities. They have set up some provisional rules and regulations and implementation means in respect of state-owned capital operation budget management, which provided experience and reference for the establishment of state-owned capital operation budget management system. In practice, the progress of state-owned capital operation budget management is closely related to the factors such as the leaders' attention at different levels in different regions, the reform of state-owned assets management system, and the reform process of state enterprises. The economic benefits of state enterprises will also generate a direct effect on the initiative and feasibility of carrying out state-owned capital operation budget management. To improve the state-owned capital operation budget management system, we can start with the improvement in the budgeting content, main budgeting body, implementing body of state-owned capital operation budget; we shall also consider the supervision, check and appraisal, law, and system construction in the state-owned capital operation budget.