Owned Capital Operation Budget. Country-owned France Research

In 2009, the Law of the People's Republic of China on the State-Owned Assets of Enterprises has bring forward canonical views about the main bodies which will take the State-owned capital operating budget, but there are still some places to be perfected, such as the setup of the budget model, the flow between the different bodies, and the content of the State-owned capital operating budget. Moreover, the implementation of the State-owned capital operating budget in some provinces and cities are different, there are still not a uniform model. Based on the implementation of the Law of the PRC on the State-Owned Assets of Enterprises, This paper summarizes the status and problems of the State-owned capital operating budget in China and overseas, analyzes the revelation, puts forward the model of the State-owned capital operating budget including three bodies, designs the operating flow of the budget and the contents of the Income and Expenditure. The above suggestions will be useful for implementation of the State-owned capital operating budget. The main conclusions of this paper as follows.Ⅰ. Construct the three levels' State-owned capital operating budget. The three bodies are the ministry of finance, The State-owned Assets Supervision and Administration Commission, the operating company of the State-owned Assets. The operating flow between the three bodies can be generalized as follows.ⅰ.The ministry of finance drafts the annual scale, income and expenditure index of the budget, sets up the unite budget system, identifies the budget general principle and requirement.ⅱ.The budget management commission of the State-owned Assets Supervision and Administration Commission compiles the specific methods and requirements of the budget and then transmits to State-Owned Enterprises.ⅲ.The operating company of the State-owned Assets takes the responsibility of collecting and auditing the enterprises' financial budget, making the budget draft and then reports to the budget management commission of the State-owned Assets Supervision and Administration Commission.ⅳ. The State-owned Assets Supervision and Administration Commission collects, audits the budget drafts from all the operating company of the State-owned Assets and makes the whole final budget drafts and then reports to the ministry of finance. v.The ministry of finance compiles the final budget draft, and collects the public budget draft with the final budget draft, then reports to the National People's Congress to be approved.Ⅱ. The State-owned capital operating budget can be implemented by three steps, which are compilation and approval of the budget, implementation and adjustment of the budget, supervision and examination of the budget. This paper analyzes the responsibilities for the three bodies in the three steps and the contents of the State-owned capital operating budget.Ⅲ.These paper emphases the compilation method of the State-owned capital operating budget should be based on the accrual basis accounting. The State-owned capital operating budget should be unify with the State-Owned Enterprise reformation. According with the Modern Enterprise System, using the accrual basis accounting in the State-owned capital operating budget.Ⅳ.The subject of the State-owned capital operating budget should be matched with the public finance budget, by compiling and matching between the two budgets, we can arrange the state funds as a whole at maximum, and make unification between technique managements of the two budgets.