Study On Performance Evaluation And Reform Of Government Budget Based On Public Value Theory

Government budget is a basic dimension and basic orientation of modernized government.Many countries regard budget reforms as a breakthrough in their modernization,and so should China.The 19th National Congress of the Communist Party of China has clearly defined the direction of government budget reforms what are adapted to the modernization of state governanc e.Then it is urgent to clearly "plot" the layout order and road rules of reforms based on the guidance of scientific theories.Studying government budget performance and its influencing factors is a core issue of realizing performance contract and financial accountability in national governance,and it is the fundamental issue for deepening government budget reform in the future.Public value theory is regarded as a new paradigm of public administration development after New Public Management,which also provides a new research perspective for government budget.As its core concept,public value has essential provisions for government budget,indicating that the ultimate goal of government budget is to create public value.Public value provides a widely accepted value standard for the evaluation of budget performance,and the strategic triangle model provides a systematic and feasible scheme for diagnosing the influencing factors of budget performance.Therefore,the study of government budget based on public value theory is more in line with the development needs of modernized government,which has important theoretical value and practical significance.This thesis takes empirical research as the main method and combines with normative research It builds a theoretical analysis framework of government budget from the perspective of public value theory,and compares the process of government budget reform since the founding of the People’s Republic of China.Then,based on the statistical data of relevant government departments,it adopts the Improved Entropy Method to evaluate the budget performance of 30 provinces in China from 2007 to 2016,and adopts the panel data model to estimate the influencing factors of budget performance.At last,this thesis adopts the normative analysis toforward the strategy of deepening the reform of government budget.The main conclusions and viewpoints of this paper are as follows.Firstly,the process of government budget reform since 1949-1977 can be divided into four stages.They are preliminary establishment(1949-1977),transition(1978-1997),reform exploration(1998-2012),and deepening reform(2013-present).Overall,its public value management has been a continuous and systematic practice,and its three-dimensional capabilities of public value management have been improved to varying degrees.From the national level,the government budget performance is also constantly improving.The instrumental rationality ofthe government budget is constantly strengthening and its value rationality is initially highlighting.The budget scale has beend from large to small and then to redefined recently.The budget expenditure structure has changed from economic construction to public service-oriented.And the budget effect has been expanded from the economic field to the national governance field.Secondly,this thesis applties the concept of public value to the comprehensive evaluation of government budget performance,which is about the optimization of resource allocation and the maximization of operational efficiency under total control of government budget,and constructes the evaluation index system of provincial government budget performance from three aspects:budget scale,expenditure structureand budget effect.Next,this thesis uses the Improved Entropy Method to evaluate the government budget performance of 30 provinces in 2007-2016 in China and finds that the whole budget performance and the three major aspects’ of overwhelming majority provinces have been improved year by year.But there are some regional differences,and the relative position of the rankings shows signs of gradual solidification.This empirically verifies the effectiveness of China’s government budget reforms in recent years.However,the overall low comprehensive evaluation value and obvious inter-provincial differences highlight the urgent need to deepen the reform of the government budget.Thirdly,based on the strategic triangle model,this thesis analyses the influencing factors of government budget performance.It is assumed that improving public value management of government budget will promote the improvement of budget performance,and this hypothesis has passed the empirical test.Fixed-effect model estimates show that mission management(cumulative years of reform),political management(budget supervision ability of NPC and budget transparency),operation management(budget comprehensiveness and budget standardization)have significant positive effects on budget performance.System GMM model estimates show that the past period of budget performance has a significant positive impact on the current government budget performance,and explaining most of the changes in government budget performance.And public value management still has a significant positive impact on government budget performance.Fourthly,to deepen the government budget reform based on public value,the first is to clarify the overall reform idea of integrating instrumental rationality and value rationality.Under this guidance,to improve the public value management of government budget is the key path.By strengthening public value management,the mission of government budget in the new era will be clearly defined,legitimacy and support will be enhanced,and budget technology and capacity will be continuously improved.At the same time,comprehensive implementation of budget performance management is an important grasp,taking a Results-Oriented approach to improve budget performance effectively.In addition,it is also important to create good environment for government budget reform,such as accelerating the transformation of government budget functions,promoting the reform of political system vigorously,and reshaping the role of public administrators.The innovations of this focus on three aspects.The first is studing the performance evaluation and reform of government budget by empirical and multi-dimensional methods.In this thesis,public value theory is used to coordinate the interdisciplinary nature of government budget research.After setting up a comprehensive analytical framework of government budget,this thesis makes an empirical analysis of provincial government budget performance and its influencing factors based on panel data,then puts forward some suggestions on deepening the reform strategy.The second is broadening the research perspective of government budget performance and its influencing factors.In this thesis,the concept of public value is applied to evaluation government budget performance,applying it to the evaluation of provincial government budget performance in China,and empirically analyses government forecasts based on the strategic triangle model,which verifies the mechanism of the impact of public value management on government budget performance.The third is developing a set of strategies to deepen government budget reform based on public value.This thesis provides a comprehensive and systematic reform strategy from the general course,key paths,important grasps and.safeguards,with a view to helping budget departments to identify and analyze the key variables and the relationship of government budget to leads to more effective action to create public value.Public value theory is both practical and symbolic,and government budget is both political and technical,and budget performance is multi-layered and multi-dimensional.It is undoubtedly an arduous task to study government budget based on public value theory.This thesis inevitably has some limitations,which needs to be explored more deeply in the future.