Research On China's Fine Financial Management

Finance is about the government's “ financial management ” and serves as the cornerstone of national governance.The government continuously improves the level of financial management to optimize resource allocation,fair distribution and stabilizing economic growth with limited financial resources.Factors such as natural conditions can lead to unbalanced regional economic development and a relatively large gap in economic development between regions in China.Reasonable and efficient use of finances plays a vital role in balancing regional economy and bridging the economic development gap between eastern and western regions.Fine management first appeared in manufacturing enterprises.With scientific management and fine operation as the basic management modes,fine management aims to improve competitiveness and reduce costs for efficient use of funds.A reasonable and efficient way to promote fine management will facilitate financial management,improve the availability,and reduce the waste of financial funds.As such,financial functions can be fully realized.Meanwhile,because of the special nature of governmental functions,the government's fine financial management will set a shining example for various other industries.This will promote their implementations of fine management and enable the economic use of social resources.Focusing on China's fine financial management,this paper studies the theory and practice of fine management when applied to finances.Arguing for the necessity of fine financial management,the paper analyzes why major issues occur,such as lagging budget approval of the National People's Congress(NPC)in China's current financial management,the regulatory gap of government procurement,and outdated financial performance management.Drawing on the effective use of financial management in developed countries,this paper proposes postponing the budget approval of the NPC to the end of March of the succeeding year,so that the financial budget and implementation are fundamentally law-abiding.The paper also suggests accelerating the construction of financial management information platform.In addition,this paper puts forward proposals such as the optimization of financial expenditure structure and financial management process.All this provides an invaluable reference for fine financial management.