The Optimization Of Budget Management In Public Institutions

Public institutions are social service organizations established by the Chinese government in social activities for the purpose of social welfare,which are also an indispensable part to promote the virtuous cycle and healthy development of social service system in the construction of socialist modernization.Most of the funding sources of public institutions are financial appropriations,and the expenditure distribution of funds is determined through the budget.Therefore,the situation of budget management directly determines whether various activities of public institutions can be completed smoothly.The modified Budget Law and Regulations for the Implementation of the Budget Law of the People’s Republic of China have been promulgated and implemented,in order to standardize the budget management of public institutions.As a result,requirements and standards for financial budget management have been increasing,and the management has been continuously strengthened.However,there are still lots of problems to be solved because of the late start in China,such as disconnected budget and business,imperfect budget organization,and insufficient supervision of budget links.At the same time,by comparing the literature on budget management,it is found that the previous budget management research mainly focuses on listed companies,and is less related to public institutions.Therefore,it is of great significance to study related knowledge and find out the defects,in order to optimize the budget management of public institutions.In this paper,taking the budget management of X public institution as an example,case analysis method and literature analysis method were utilized.Firstly,combining the relevant theories of budget management and the requirements of the modified Budget Law and other laws and regulations,literature analysis method was used to sort out and summarize several budget management models of public institutions.Then,on the basis of the situation in public institution X,case analysis method was used for defect identification,compliance evaluation and optimization suggestions on the budget management theoretical framework.Current budget management model was identified as a comprehensive model that combines comprehensive budgeting,internal control and budget performance,with main problems in systems,implementation,and application of results.The root causes of these problems are insufficient budget management awareness,unclear division of responsibilities,lack of budget management training,inadequate budget control,and insufficient information technology.In order to solve these problems,suggestions for improvement were put forward from the mentioned aspects,for the optimization of budget management of public institution X or similar institutions at the practical and theoretical levels.