Research On The Budget Management Of State-owned Capital Management Under The Guidance Of Livelihood-Oriented Finance

The question of how profit of state-owned enterprises,as an important carrier of public resources,can be properly allocated while benefiting everyone in the country from its added value has become a popular social topic nowadays.Since 2007,the state-owned capital operation budget system has been implemented,and the profit of state-owned enterprises was reintegrated into public financial management;till now,this levy is yet unable to cover every state-owned enterprise.Tax rate stays low,and the profit that was turned over to the national treasury goes back excessively to the enterprises themselves to support their development,showing that "what is taken from the state-owned enterprises is still used in the interests of them." Since both the amount and proportion of tax that is used on welfare,such as public finance and social security,stays very low,this has also restricted the function of public finance to a certain extent.Therefore,how to handle the conflict of interests between the country,the state-owned enterprises,and the public,as well as achieving the goal of allocating the state-owned enterprise bonus properly is a realistically important research topic at the moment.In this paper,the author reviews the historical evolution of revenue management and financial relation of state-owned enterprises since the founding of China,summarizes the current operation and management system of state-owned capital,focuses on the status quo of revenue and expenditure management,reveals the problems existing as state-owned enterprises are levied(such as the small proportion,limited coverage,large proportion of capital backflow,low welfare,etc)based on necessity analysis that the operating budget of state-owned capital should seek more to benefit social welfare,explores to accomplish a social livelihood-oriented bonus allocation of state-owned enterprises by learning from the dividend payout ratio of quoted companies,and finally proposes a strategic arrangement that resolve the system predicament in accordance with China's actual condition,in order to promote the development of state-owned enterprises as well as to improve the general public welfare.