Research On The Optimization Path Of Budget Performance Management Of Municipal Project Expenditure In City Z

To fully implement performance-based budget management is a necessary requirement to handle the "money bag" for the people and ensure that financial expenditures operate in the "sunshine".Pushing for a comprehensive budget performance management implementation was a critical point for the optimization of the fiscal system,improvement of governance capacity,and budget democratic management.The financial budget used to focus only on the distribution of money,neglecting the use efficiency of funds,while the budget performance focuses on the quality and efficiency of financial funds.The basis of budget performance is project expenditure.Strengthening the performance management of project expenditure budget is the starting point and core of budget performance management,an important means to promote the quality and efficiency of financial management,and an important embodiment of promoting the deepening of financial system.This paper takes the case of Z’s budget performance management of municipal project expenditure,and makes personalized suggestions on how to improve and optimize Z municipal project expenditure budget performance management based on a combination of New Public Management Theory,Principal-Agent Theory and Public Sector Performance Theory through literature research methods and empirical analysis.A first step was to examine the current situation regarding budget performance management of municipal project expenditure in Z.It was discovered that a budget performance management system covering the entire process of before,during as well as after project expenditure in Z has been largely established,while the organizational structure has been basically established,and that the role of government assessment and supervision has been brought into play,and financial key performance evaluation has been carried out in an orderly manner.It then summarized the issues with the current budget performance management of project expenditure in Z,including weak prior performance evaluation,unreasonable setting of performance targets,insufficient performance monitoring,poor quality of evaluation results,and insufficient application of evaluation results,etc.Meanwhile,a thorough investigation into the root causes of municipal project expenditure budget performance management issues in city Z was conducted,which were primarily identified as a poor foundation,an imperfect system,a weak supporting ability and an unsound monitoring accountability mechanism for budget performance management in the city.Finally,according to the causes of the issues,suggestions are put forward to consolidate the foundation,perfect the system,improve supporting capacity and sound monitoring accountability mechanism of performance management.