The Research On The Internal Supervision System Of Fiscal Expenditure

As the reform of China has entered a crucial and critical period,fiscal reform has been attached great importance.In particular,the internal administrative supervision on fiscal expenditure plays a vital role.At present,despite the fact that our country has carried out institutional arrangements for supervision and inspection(supervision bureau in financial department at all levels,for instance),and accredited Ombudsman Office to provinces,the internal supervision of finance is still unable to gain independent oversight completely for its main body is affiliated to fiscal institution.What' s more,since the supervisory history of fiscal expenditure is shorter than that of fiscal income,along with the hardship generated by the employment of "fund resources",there are many deficiencies that can be found in the practice of the internal supervision of fiscal expenditure,for example,the imperfect laws system,the lack of all-round supervision system,insufficient informatization degree,imperfect performance of evaluation mechanism and insufficient coordination with other relevant departments.Such deficiencies affect the internal administrative supervision of fiscal expenditure.Therefore,the existing poor fiscal expenditure supervision and poor internal supervision have to be coped with.Finding ways to combine the fiscal expenditure supervision and the internal supervision has thus become heated,important and difficult issues in the current fiscal reform of China.Given the above situation,we,on the one hand,should regulate the existing theories,such as public finance theory and internal control theory,and apply them to the improvement of the supervision system;On the other hand,we ought to response positively to the construction activities of the internal control system carried out by ministry of finance of the PRC since December,2014.Additionally,fiscal expenditure supervision has to be reinforced,according to finance minister ' s answer to the reporter' s request during the two sessions in March,2017.By improving laws and regulations on administrative internal supervision of fiscal expenditure as the primary basis,we need to amplify internal supervision system of finance,strengthen the construction of informatization and further perfect performance evaluation system.Because the internal supervision is characterized by a lack of complete independence.Also,only when we establish a coordinating supervision system that consists of both internal and external supervision will China' s internal administrative supervision play a greater role in the oversight of fiscal expenditure.In so doing,we can call for the improvement of our financial supervision system and financial management system.