Exploration and Analysis of Budget Management in Administrative Institutions under the New System

Abstract

Since the reform and opening up, with the vigorous development of China's social economy, the country's economy has opened a new chapter, and the domestic economy has shown a thriving color. Under the framework of government accounting standards, the budget management issues of administrative institutions have gradually become prominent over time. Especially in recent decades, problems such as income and expenditure imbalance, mid year additional budget funds, and government procurement funds have occurred frequently. The situation of omission and underreporting still exists, and problems such as non-standard management of special funds, inaccurate grasp of budget subjects, and weak logic and scientificity in budget preparation occur from time to time. The phenomenon of difficulties in the later budget execution process due to inadequate budget work in the early stage is still not uncommon. Since the outbreak of COVID-19, the global economy has begun to decline. China's finance has become increasingly tense, and the contradiction between revenue and expenditure and the financial pressure we are facing have become increasingly apparent. In the current severe economic environment, governments at all levels should actively follow the requirements of "tight living" and ensure that every penny is spent wisely. This article will conduct in-depth research and analysis on budget preparation and execution, regulatory mechanisms, budget performance evaluation mechanisms, budget management awareness and work level of budget personnel, and propose corresponding solutions.