Research On Management Of State-owned Capital Operation Budget

My research focuses on the management to state-owned capital operation budget.As an important component of government budget,the state-owned capital operation budget is the budget of expenditure for the arrangement of state-owned capital gains.Since it has been implemented in 2007,the state-owned capital operation budget system has been gradually improved and has achieved remarkable results.The state-owned capital operating budget system distinguishes the dual identities of the government as the social affairs manager and the national asset investor.It ensures the states to guarantee the rights and interests to the sponsors of state capital,achieves a maintaining and an increment to state asset.The state-owned capital operation budget promotes the reform of state-owned enterprises(SOEs)and promotes the adjustment of the state-owned capital structure through the management of the revenue and expenditure of the state-owned capital gains.In recent years,with the reform of state-owned assets management system,China has gradually established the state capital authorized management system of SOEs,and the reform of mixed ownership is deepening,which puts forward new requirements for the management of state-owned capital operation budget.At the beginning,this paper describes related theory of the state-owned capital operation budget,analyzes how to solve the problem of principal-agent in SOEs through the budget management,and emphasizes the significance of the state capital to protect national interests of investors through the management of property rights.Next,the paper reviews the historical evolution of state-owned capital management budget,and summarizes the effectiveness of budget implementation.Then,this paper studies the income management,expenditure management and performance evaluation of state-owned capital operating budget,and combined with the new situation of the reform of state-owned assets management system,analyzes the existing problems of budget management.Finally,in view of the problems existing in the budget management of state-owned capital management,this paper puts forward some suggestions for improving the budget management.Firstly,the primary task of strengthening the budget management of state-owned capital management is to improve the relevant legal system and strengthen top-level design.Secondly,establish a four-level budgeting system that is compatible with the state-owned assets management system,and strengthen the role of budget bodies at all levels.Thirdly,improve the state-owned assets income collection system,increase budget range to achieve full coverage of state-owned enterprises,continue to increase the proportion of earnings turned over,strengthen enterprise dividend management,and improve the budget revenue structure.Fourthly,improve the state-owned capital management budget expenditure direction,reduce expenses and make it more used for the protection and improvement of people's livelihood,and open channels for non-state enterprises.Fifthly,improve performance evaluation;establish effective incentive and restraint mechanism.The innovation of this paper is as follows: firstly,suggest establishing the "four levels" budget preparation system,which is adapted to the "two levels and three layers" state-owned assets management system,strengthens the main role of budget units at all levels.Secondly,clarify the scope of the functions and expenses of the state-owned capital operating budget,and strengthen the convenience with the general public budget.