Research On The Problems And Countermeasures In The Implementation Of State-owned Capital Management Budget

The total amount of state-owned assets in our country has been in the first place in the world through the large-scale transformation of socialism, the continuous massive government investment and the long-term accumulation of state-owned enterprises since the foundation of new China. In order to strengthen the management of state-owned capital gains, to reduce the loss of state-owned assets, to promote the reform of state-owned enterprises and the adjustment of state-owned economy layout as well as structure, in 2007 China officially began to establish the state-owned capital management budget system, then the state-owned capital management budget was implemented nationwide. After years of implementation, the results are remarkable: the budget has increased the value of state-owned assets, promoted the reform of state-owned enterprises, improved the overall operational efficiency of the state-owned capital, and promoted the adjustment of the layout and structure of state-owned economy. At the same time, many problems are exposed during the implementation of the state-owned capital management budget: the relevant laws and regulations are not sound, the budget management system is not perfect, the budget income is too small, the budget expenditure direction is not reasonable, the budget supervision and evaluation system is not perfect, the budget evaluation system and incentive and restraint mechanism are not perfect and so on. The existence of these problems has seriously hindered the further play of the role of state-owned capital management budget, so we must take appropriate measures to solve these problems.On the background of the perfect of the state-owned capital management budget system and the revision of budget law, based on economic theories, this paper focuses on the problems and countermeasures in the implementation of China’s state-owned capital management budget. First of all, this paper reviews the history of the state-owned capital operating budget in our country, and then from angles of the value increase of the state-owned assets, the reform of state-owned enterprises, state-owned capital operation benefits, and the adjustment of the state-owned economy layout, this paper summarizes in detail the main effects of the state-owned capital management budget. Secondly, this paper summarized the important problems in the implementation of state-owned capital management budget from following angles: laws and regulations, management system, income and expenditure, supervision and evaluation system, evaluation system and incentive and restraint mechanisms. Again, this paper summarizes the experience of some foreign countries in detail about the supervision and management of state-owned assets, the collection of state-owned capital gains. Finally, on the basis of fully drawing lessons from foreign relevant experience, from angles of law, technology, and policy, this paper puts forward some countermeasures to solve the problems in the implementation of state-owned capital management budget.At present, few scholars carried on special and systematic research on the problems in the implementation of state-owned capital management budget; this paper studied the problems deeply, and proposed countermeasures to solve these problems comprehensively and systematically, making up the deficiencies of the existing research to a certain extent. There is no scholar who has studied the incentive and restraint mechanisms of state-owned capital management budget, using economic theories; this paper has carried on special and systematic research on the mechanisms, which is a very unique contribution. The third plenary session of the party’s eighteen clearly requires: “improve the state-owned capital management budget system”. The workable measures this paper puts forward can be directly used to solve the practical problems encountered in the implementation of the budget, thus reducing or eliminating the restrictive factors of the budget, and helping to improve the state-owned capital operating budget system, which is of not only important theoretical significance, but also of great practical significance.