Research On The Budget Management Of Our Local Governments State-owned Capital Operation

The budget management of state-owned capital operation is an important part of the government duplex budget. It is refer to a series management activities that the state-owned assets supervision and administration institution make according to relevant laws, regulations and policy provisions in the government authorization in the government authorization. These management activities included the planning, preparation, organization, implementation, evaluation, monitoring and regulation. It bears many functions such as economic regulation, fund raising, the allocation of funds and comprehensive reflection of national economic development status. To establish and improve the budget management system of state-owned capital operation is the objective needs of the socialist market economy. It is also the objective need to promote the transformation of government functions and push forward the construction of public finance. Furthermore, it is also an effective tool to realize strategic adjustment of the national economy and resources optimization allocation.Since the reform and opening up, China's state-owned capital management system reform has experienced four stages:"enterprise autonomy reform", "contracted responsibility system reform"," enterprise management responsibility system reform" and "deepening the property rights system reform". Especially in the background that the state-owned enterprises reform has deepened and the state-owned capital management system has been initially established, how to build a complete, scientific, reasonable budget management system of state-owned capital operation has become the academic issue of common concern, and this problem is gradually be incorporated into the government's agenda.In September 2007, the file was formally issued by state council which name was "the opinion of the state council on formal trial implementation of state-owned capital management budget". This opinion further clarified the payment scope of the state-owned capital management budget. It made specific provisions of the budget preparation, examination and approval and execution. Even more, it identified the responsibilities of all units and departments. It also stipulated that the state-owned capital management of the central level would implement the budget management from 2008. The comments implied that the budget management of state-owned capital operation in the central enterprise from the pilot stage into the formal implementation stage.Because it was not so long for our country state-owned capital management budget, there are some new problems which need to be solved whether in theory or in practice. For example:In theory, we need to further research the connection between the budget of state-owned capital operation and the government public budget; In the laws and regulations system, each province and city had not a unified policy; From the prepare system, each pilot areas had different collection and payment scope and scale; From the implementation of the budget, revenue collection had some troubles, and there is huge difference in each region on how to manage the account; From the supervision mechanism, now there is no uniform consensus on the issue of" who will implement supervision " and "who has the right to supervise"; At the technical level, many problems remained to be solved such as the budget accounting method, budget items division, and the connection between the government budget accounting and enterprise financial accounting. The construction of the budget management system of state-owned capital operation is a dynamic process of continuous development, it involves many aspects, and now it just starts in practice. In the situation, the thesis topic not only makes the theory research of the budget management of state-owned capital operation rich, but also makes the budget management of state-owned capital operation improve constantly. Further more, it can put forward some practical management measures and suggestions to the budget management practice of our local government's state-owned capital operation.By the spiritual guidance of the "the opinion of the state council on formal trial implementation of state-owned capital management budget" and on the basis of combing the domestic and foreign relevant research, the meaning of this paper lies in:clarified the theoretical basis of the state-owned capital management budget, cleared the positioning of the budget of state-owned capital operation, cleared the relationship between the budget of state-owned capital operation and other kinds of budget. It reviewed the establishment process of the budget management system of Chinese state-owned capital operation, and at the same time, in line with the ideas of theory with practice, this paper empirically analyzed the state-owned capital management practices of local government, introduced the state-owned budget management practices of shanghai before and after 2008, summarized and refined the successful experiences in shanghai; and then analyzed the existing main problems and weaknesses of the budget management of our local governments state-owned capital operation. At last, the suggestions to perfect the budget management of our local governments state-owned capital operation were carried out.