Research On The Budgetary Slack In Making The Budget Of Fiscal Education Expenditure In China

The fiscal expenditure budget for education is an annual expenditure plan for the central government and local governments,and for various educational institutions.It is an important part of the central and local governments' budget.Looking at the final accounts of the budget revenue and expenditure in various provinces and cities in our country,in most cases,the final accounts for expenditures on financial education are less than the budgeted figures,leaving the budgets for education expenditures relaxed.The relaxation of budgeting caused by human factors is extremely harmful,resulting in the waste of resources.In this paper,we study the budget opportunistic behavior in the compilation of educational budgets.Under the theoretical guidance of contingency theory,organizational relaxation,principal-agent theory and behavioral theory,analyzes the reasons leading to the slackening of budgeting of education expenditures: the lack of legal constraints in the compilation of budgets for education expenditures;the unscientific system of budgets for education expenditures;the imperfect system of performance appraisal for education expenditures;the lack of checks and balances in the compilation of education expenditure budgets,ambiguity,lack of accountability mechanisms and obstacles to public participation in education budgeting.When analyzing the causes,we can see that the principal-agent problem is the main reason for the relaxation of budgetary preparation for financial education.Due to limited capacity,this article only conducts an empirical analysis of this part of the reason as a supplementary study.In our country,the local government takes primary responsibility for the development of education and is the main undertaker of government education finance.Therefore,this paper selects inter-provincial educational expenditure data as a research sample,and the collected data is a combination of time series and cross-sectional observations,so the panel data model is adopted.The design uses the variable of government agency cost to test itscorrelation with the slackness of budgeting for education expenditure.The result of empirical analysis shows that there is a positive correlation between government agency costs and the relaxation of budgetary preparation for fiscal education.The commission-agency problem will cause the emergence of slack budget preparation for fiscal education.Based on the analysis and empirical test of relaxation of budgetary preparation for education expenditure,this paper puts forward policy recommendations for the human factors in the compilation of education expenditure budget from the perspective of "people-oriented" : to strengthen the construction of the budget by law,to regulate and restrict by law Improve the education budgeting system and adopt a more scientific and accurate budgeting method to improve the emergence of opportunistic behavior of compilers due to the lack of advanced budgeting methods;Reasonable performance evaluation system to avoid budget preparers to lower than the actual attainable level of budget objectives;establish a comprehensive regulatory system,so that the supervision of the forefront,to avoid budget education in the preparation of the emergence of budget opportunistic behavior;the establishment of accountability mechanisms,it stipulates the responsibility that education budgeting should bear,avoids budget budgeting loosening due to personal interests needs of budget preparers,promotes public participation in education budgeting,and supervises budgeting to improve the relaxation of education budgeting.