The Performance Evaluation Of The Financial Expenditure Of Yunnan Province

Social security is a guarantee system for the people living in the society to provide economic welfare and guarantee the basic needs of their lives,it is quasi-public goods.The foundation of its implementation and establishment is the mandatory means by the state through the provisions of the law,including three aspects of social assistance,social insurance and social welfare.And the old-age insurance system is a very important part of the social security system,when the elderly are facing economic difficulties and lack of stable economic sources,it provides income to ensure the elderly life through institutional measures.Some scholars believe that the old-age insurance system belongs to the quasi-public goods and it has the characteristics of public goods,which cannot be completely delivered to the market.Therefore,it is necessary for the government to intervene in it,and the government’s responsibility to intervene and bear the pension insurance is mainly reflected in the financial expenditure.The foundation of public product theory to provide the foundation for the government financial burden of pension insurance expenditure,the theory of welfare economics points out that its significance lies in the realization of the maximization of social welfare and the equality of income,in reality,the model of intergenerational pension with family as a unit is difficult to follow in today’s rapid economic and cultural transformation,at the same time,the model of relying on personal savings and commercial insurance for the aged also faces great risks,the reality also requires the government to intervene.In the face of reality,the acceleration of urbanization process,the arrival of aging and the pressure of transition cost and so on,to protect the living standards of the elderly after retirement,making it a sense of security,explore the basic old-age insurance expenditure performance is crucial.The article selects 2012-2016 years as the annual range of research,data envelopment analysis(DEA)is used to analyze the efficiency performance of fiscal expenditure,research on the efficiency of the expenditure and output of the endowment insurance in Yunnan through the construction of the index,it is found that the financial expenditure of basic pension insurance in Yunnan province has been decreasing in the last two years in 2015 and 2016.Further analysis shows that the financial endowment insurance funds in Yunnan need to be further strengthened in the aspects of budget management and resource allocation;At the same time,the Malmquist index is calculated and decomposed to realize the dynamic analysis of the relative efficiency of the decision unit by the DEA model,the result shows that the total factor productivity of financial basic pension insurance expenditure in Yunnan province has shown a downward trend in general.As a result,the decline in technological progress is the main reason.Therefore,on the basis of increasing the investment of funds under the basic financial endowment insurance,we should pay attention to technological innovation.Finally,on the basis of empirical analysis and foreign experience,it gives some suggestions to improve the financial expenditure performance of basic endowment insurance in Yunnan province.