Research On State-owned Capital Operational Budget Expenditure Performance Evaluation

Construction of today’s state-owned capital budget institution is being paid more and more attention by our country. State-owned capital operational budget expenditure performance evaluation system is an important part of state-owned capital budget institution, it can implement the strategic adjustment of state-owned economy efficiently, optimize the domestic industrial structure and layout, improve work performance, etc.This paper focuses on state-owned capital budget expenditure performance evaluation system, looks back and draws lessons from both domestic and foreign research results and experience, combines the current actual situation of China, in order to explore a comprehensive construction of state-owned capital operational budget expenditure of performance evaluation system and provide methodological guidance and technical support for expenditure performance evaluation work. Firstly, the author reviews the state capital, state-owned assets, state-owned capital operating budget, the state-owned capital operating budget expenditures and other relevant concepts, explains the Principal-Agent theory, Budget Management theory, Proprietary Rights theory, Relevant Beneficiaries theory, provides a solid and powerful theoretical basis for the state-owned capital budget expenditures performance evaluation. Secondly, we review the development of the practice of Chinese state-owned capital operation budget expenditure performance evaluation and analyses the existing problems according to actual operating conditions. Again, by analyzing the necessity of state-owned capital operational budget expenditure performance evaluation, this article analyses the subject, purpose, reasonable principles, effective methods and specific evaluation implementation procedures, then constructs a fundamental skeleton. Finally, the author sets up a series of indicators according to the principle of selecting the state-owned capital budget expenditure performance evaluation index, to investigate the management of funds, the schedule for the implementation progress, the efficiency of fund usage of state-owned capital operational budget, and applies the Analytic Hierarchy Process(AHP) in distributing different weights to indicators relevant to the efficiency of fund usage, then determines the relative importance of criteria.At present, the Chinese provinces are trying their best to explore the state-owned capital operation budget expenditure performance evaluation, and actively promote the establishment of evaluation system. In the process of experimental unit practice, there will inevitably be some problems, we must constantly improve the relevant theory, expand the scope of the actual operation. I hope this article can both bring certain value for the theoretical research of state-owned capital budget expenditure performance evaluation system, but also provide some references for the current construction of state-owned capital budget and the work of expenditure performance evaluation.