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China Net Finance, Feb. 25 (Trainee Reporter Zhang Qianrong) — Recently, Liu Shangxi, President of the Chinese Academy of Fiscal Sciences, stated at the National Governance and Fiscal Performance Forum that the comprehensive implementation of budget performance management is not just about solving financial issues, but also involves the restructuring of responsibilities, powers, and interests within the public sector. Only in this way can true performance be achieved, integrating money with tasks, powers with responsibilities, decision-making with execution, and services with needs, thus enabling effective national governance. The National Governance and Fiscal Performance Forum was held in Hangzhou from February 23 to 24. It is reported that in September 2018, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Comprehensively Implementing Budget Performance Management." The document emphasizes the need to innovate budget management methods, focus more on result orientation, stress cost-effectiveness, and harden responsibility constraints. The goal is to establish a comprehensive, whole-process, and all-covering budget performance management system within three to five years, aiming to integrate budget and performance management, enhance the efficiency of fiscal resource allocation and utilization, and change the rigid pattern of budget fund distribution. Addressing the issues in current fiscal budget management, Liu Shangxi pointed out that there is a serious disconnect between tasks and finances in China. When formulating policies, many decision-makers do not consider how much money is needed or where the funds will come from. The discussion on budget performance or fiscal performance is to look at tasks and finances together, viewing policy and expenditure as a whole, and determining how much money was spent and the actual effect in achieving the policy goals. Fang Ning, Director of the Institute of Political Science at the Chinese Academy of Social Sciences, stated that some local governments lack cost awareness and fiscal concepts, often making common-sense errors. Therefore, government officials need to learn fiscal knowledge, consider costs and expenditures when making policies, and avoid adopting extreme management practices. So-called extreme management refers to using the highest standards and strictest implementation, leaving no room for discretion. Li Jinshan, Director of the Big Data and Policy Research Center for Finance and Taxation at Zhejiang University, pointed out that performance evaluations of public expenditures in various regions currently focus primarily on the performance of funds, that is, the use and management of fiscal funds and the completion of predetermined outputs. However, public expenditure reflects the tendencies and priorities of public policy, and public policy is an important manifestation of government functions. Therefore, evaluating the performance of public policies holds greater significance. Wang Zecai, Director of the Government Performance Research Center at the Chinese Academy of Fiscal Sciences, believes that the comprehensive implementation of budget performance management is part of building a modern fiscal system. Therefore, from decision-makers to every budget department, performance concepts must be cultivated. At the same time, it is also necessary to adhere to the rule of law and institutional design. It is reported that this forum was jointly organized by the Chinese Academy of Social Sciences Evaluation Institute, the Institute of Political Science of the Chinese Academy of Social Sciences Public Management Research Center, China News Finance, and the Big Data and Policy Research Center for Finance and Taxation of Zhejiang University. The forum also received participation and support from the Zhejiang Provincial Department of Finance.