Research On Reform Of And Solutions To Performance Management Of Public Fiscal Budget In China

At present, our economy, politics and society are developing into a new page of history which remarks a crucial moment for overall moderate prosperity as well as the continuing economic and social reform. With tremendous economic breakthrough and on-going social development, China, at the same time, suffers dilemma and difficulties in terms of fiscal budget administration, expenditure, mechanism and so on. The situation results from combined forces. In the aspect of mechanism, China is during the alternation from old to new which usually indicates unsound and incomplete regulations, thus composing weak administration and loose restrictions on fiscal budget. On the part of law, legalization is not mature enough for China to manage finance according to law, even the concept is seldom known. Besides mechanism, industrialization, marketization and productive forces in China are relatively in a low level and economic foundations are weak, therefore the corresponding social management is immature. As for the transformation of government role, the inefficient transformation and confuses of roles directly contribute to poor public financial management and vague budget boundaries. From the aspect of internal management system, the present system is far from scientific, normative, sound and complete. These problems touch upon every aspect of economic and social life, and are major barriers for public fiscal budget management. Therefore, public budget management must be underlined and fortified.To solve the problem, we cannot focus only on finance or indiscriminately take everything as the same so as to deem various elements of different level and nature as internal factors of public fiscal budget management. With an eye to performances, China can borrow foreign theories and practices of management to analyze our own situation. The core of budget management should be fiscal efficiency, and the purpose of performance assessment determines budget draft, assessment indicators and evaluation system. Also, to put forward the investment, output and return rate can substantialize fiscal budget. The result should be connected to supervision and responsibility to construct performance-bound framework, norms and procedures for fiscal budget management.