Research On Third Party Evaluation Of China's Fiscal Expenditure Performance

Finance is the basic premise to ensure the ability of state governance,and performance evaluation is one of the important components of the modernization of state governance capacity.The effectiveness of the performance assessment tool itself directly affects the quality of the performance assessment results and the effects of future applications.However,there are still many problems that need to be explored in theory and practice,such as how the subject of performance evaluation should be selected,how the evaluation model should be optimized,what factors the evaluation process is interfered with,and how the validity of the evaluation results will be verified.Among them,the evaluation model is the core issue of performance evaluation,and the evaluation subject is the starting point of the research evaluation model.With the appeal of multiple interests,the introduction of third-party institutions into performance evaluation has gradually been recognized and used at home and abroad.In order to implement the spirit of the 19 th National Congress of the Communist Party of China,the "Opinions on the Comprehensive Implementation of Budget Performance Management" issued by the Party Central Committee also clearly proposed to establish a multi-level performance evaluation system through the combination of internal and external evaluation.Therefore,this paper takes the development status and existing problems of the third-party evaluation of fiscal expenditure performance as the starting point of research.On the basis of more sufficient theory,first analyzes the interaction between the subjects in the performance evaluation process,and builds the third-party evaluation effect.The game model is explained by the evaluation party(the principal),the evaluated party,and the third party as the participants,with the rational economic person and information asymmetry as the preconditions,analyzing the interests of each party and their respective optimal game strategies.Explain the necessity and risk of third-party evaluation of fiscal expenditure performance.Next,this paper analyzesthe effect of third-party assessment by constructing an empirical model of the third-party assessment of fiscal expenditure performance.It analyzes the government scale,government transparency,and fiscal expenditure performance,and analyzes whether or not to use third-party assessment.The third party evaluates the current effects and shortcomings,and explains the economic significance of the relevant variables.Finally,based on the above analysis,this paper proposes the future optimization path for third-party evaluation from the four levels of system foundation,team building,goal orientation and external supervision,which provides a benign and long-term effect for more effective performance of third-party evaluation of fiscal expenditure performance.The whole article is oriented to practical problems,and analyzes both theoretical and empirical aspects to study more reasonable countermeasures to solve problems.Emphasis is placed on paying attention to the performance of fiscal expenditures while also paying attention to the “performance” of performance management itself,aiming to better play the positive role of third-party assessments,and to provide third-party assessments of this external assessment model to better serve fiscal expenditures.Performance evaluation to improve the overall effectiveness of the government.