Research On Legal Issues Concerning Audit Supervision Of Fiscal Expenditure

The audit supervision of fiscal expenditure means that auditing bodies supervise the allocation, administration and use of fiscal expenditure and the exercise of rights and performance of obligations by entities and personnel using such fiscal expenditure. The core of this process is to restrain the government expenditure by means of supervision.Strengthening the audit supervision of fiscal expenditure can enhance the usage rate of funds and lead to more normative, efficient and honest government behaviors. At present,the number of fiscal expenditure is increasing, the structure of fiscal expenditure is unreasonable, and the service efficiency of funds is low in China. In addition to analyzing the difference and connection between audit supervision, on the one hand, and the supervision by the People's Congress, supervision by the disciplinary inspection department and supervision by the public, on the other, the research on the audit supervision system of fiscal expenditure in China should also analyze the fiscal audit supervision system in ancient and modern China and the fiscal audit supervision modes in foreign countries. In this way, we can know about the development status of fiscal audit supervision at home and abroad and meanwhile absorb experience for the benefit of China's modern audit supervision. In recent years, China's fiscal supervision has been greatly improved, fiscal supervision mechanism is increasingly normative and perfect,and more and more attention has been paid to the authoritativeness of supervision.Nonetheless, since every system grows from infancy to maturity, the current audit supervision system of fiscal expenditure in China has many problems, cannot match the practical development demand, and greatly impedes stable and efficient fiscal operation.Considering the imperfect legal system, lack of independence of auditing bodies, weak audit supervision of performance, and unsound accountability mechanism, it is necessary to complete and perfect the legal system of fiscal expenditure and audit supervision,reinforce the independence of auditing, perfect the audit supervision of performance, and establish and strength the audit accountability system, so as to perfect the audit supervision system of fiscal expenditure, boost the audit of fiscal expenditure to a higher level to “safeguard” fiscal funds, and further modernize national governance system and capacity.