The State Council issued the Opinions on Further Improving the Budget System of State-owned Capital Operation.

　　Xinhua News Agency, Beijing, January 6-In order to give full play to the function of the state-owned capital operating budget, the State Council recently issued the Opinions on Further Improving the State-owned Capital Operating Budget System (hereinafter referred to as the Opinions).

　　The Opinions pointed out that under the guidance of Socialism with Chinese characteristics Thought of the Supreme Leader in the New Era, we should fully implement the spirit of the 20th Party Congress, adhere to and improve the basic socialist economic system, adhere to the direction of socialist market economy reform, and further improve the budget management system of state-owned capital management in accordance with the requirements of deepening the reform of the budget management system and improving the supervision system of state-owned assets, so as to effectively play an important role in regulating macroeconomic operation and the layout structure of the state-owned economy.

　　The Opinions put forward that it is necessary to uphold the leadership of the Party, promote comprehensive coverage, support the development of enterprises, reflect the sharing of the whole people, optimize the layout structure, and improve budget performance. By the end of the 14 th Five-Year Plan, a comprehensive, complete, optimized structure, smooth operation and strong guarantee of the state-owned capital operating budget system will basically be formed. The "Opinions" defined three key reform measures around the mission objectives. The first is to improve the mechanism for handing over state-owned capital gains. We will expand the coverage of state-owned capital operating budgets, improve the revenue handing-over mechanism of wholly state-owned enterprises and wholly state-owned companies, and optimize the revenue handing-over mechanism of state-owned shares of state-owned holding and shareholding enterprises. Strengthen the management of state-owned capital operating budget revenue, ensure that the profit data is true and reliable, and declare and hand in the income in full and on time. The second is to improve the efficiency of state-owned capital operating budget expenditure. Optimize the expenditure structure, focus on key areas and weak links, and enhance financial support for major strategic tasks of the country. Strengthen expenditure management, adhere to policy orientation, prioritize and improve the scientific, effective and accurate use of funds. Promote budget performance management and explore the overall performance evaluation of state-owned capital operating budget. The third is to improve the budget management of state-owned capital operation. To strengthen the management of the directory of state-owned enterprises, the investor unit shall regularly count the number, assets rights and interests, profits and losses of the invested enterprises and establish the directory of state-owned enterprises. Improve the budget compilation, and improve the quality of the draft budget for state-owned capital operation according to the principle of balance of payments. Take the initiative to accept the supervision of the NPC and the audit.

　　The "Opinions" emphasize that all regions, relevant departments and units should support state-owned enterprises to operate independently according to law, and do a good job in the collection of state-owned capital income and budget management of state-owned capital operations according to laws and regulations. The financial department should earnestly perform the duties of budget management and guidance of state-owned capital operation, and organize the preparation of the draft budget and final accounts of state-owned capital operation and the collection of state-owned capital income. The investor unit shall organize and supervise the funded enterprises to hand over the state-owned capital gains, and strengthen the audit and supervision over the use of funds and final accounts.