Research On Performance Audit Mechanism Of PPP Projects In China Under The New Normal Of Economy

Ten years ago,the U.S.debt crisis broke ou,gradually forming a chain reaction in the world,leading to the economic downturn of some countries or regions and even the government is on the verge of bankruptcy.In December 2009,the Greek government announced the government's fiscal deficit,and then the three major credit ratings of the world successively lowered Greece's sovereign credit rating,which kicked off the Greek debt crisis.In the early 21 st century,Spain's economy grew rapidly and soon became one of the fastest growing countries in Europe.However,after the debt crisis,Spain's real estate industry overdeveloped and formed a real estate bubble,which became another example after Greece.In recent years,many countries in South America failed to avoid the same fate,falling into a vicious circle of inflation,and the expansion of systemic risk in the global economy was unabated.In our country in 2013,we also meet the economic development of steam pressure,in the context of the global economy,as China's economy in our country is in the throes of structural adjustment and the early stage of the stimulus digestion phase,growth phase shift that a three phase superposition state,and the state will continue for a long period of time in the future.In the face of the global economic downturn,it has become an extravagant hope to simply attract foreign capital to drive economic growth.The downward pressure on the domestic economy and the pressure on local debts cannot be underestimated.After taking into account the contingent debts,government debts at all levels nationwide amount to about 30.28 trillion yuan,of which the balance of local government debts is 17.9 trillion yuan.In order to improve the quality and efficiency of economic development model and achieve sustainable economic development,the PPP model has gradually become a new trend of China's public goods and services supply model since 2014.PPP project financing as a new mode of supplying public products and services,advanced foreign experience to improve its infrastructure supply efficiency,governance efficiency,efficient use of fiscal funds,one of the important advantage,for our country,the more a boost supply side structural reform,speed up the urbanization process,enliven the market,and promote the important role of the government and to delegate.By June 2018,the total number of projects in the project management database of the national government and social capital cooperation(PPP)integrated information platform is 7,749 and the investment is11.9 trillion yuan.Among them,there are 3,668 projects,with an investment of 6.0 trillion yuanand a floor rate of 47.3%.Another 4,800 items on the reserve list,with an investment of 5.4trillion yuan.At present,PPP project,as an important way of financing construction of the national government,has occupied a decisive position.PPP mode entered China in 1995,and its essence determines that its development inevitably depends on the perfection of the corresponding supervision,supervision and evaluation system.However,China began to gradually strengthen supervision and control from 2014,and 2018 is the fifth year of strengthening supervision and control.With the gradual tightening of supervision and management and the implementation of policy provisions one by one.In the implementation process of PPP projects,there is still a deviation from the original intention.Especially in the new normal of economy,with the changes of domestic and foreign economic environment,the project evaluation system needs to be accurate and keep pace with The Times.On the basis of fully studying the operation of PPP projects at home and abroad,this paper takes into account China's current situation and closely follows China's reform spirit and measures after the 18 th national congress of CPC.From the perspective of performance management of PPP projects by auditing departments,classified research was conducted on the audit authority management,performance audit mechanism construction and PPP performance evaluation index construction of PPP projects.Drawing on the strong measures of performance audit and risk control of domestic and foreign PPP projects,this paper puts forward some countermeasures and Suggestions for the management of long-term performance and payment liability risk of PPP projects of local finance,which is scientific,targeted and feasible to some extent.We should supplement and improve the supervision system of PPP projects in China,provide practical basis for the PPP audit by Chinese government audit institutions,and truly realize the "value for money" and financial affordability of PPP projects throughout their life cycle.It is of direct and practical significance to the operation quality management of local PPP projects,financial revenue and expenditure stability,deepening reform and social development.