12. Budget Management, Examination, and Oversight: Jiaozuo City Case Study

Deepening the budget management system and improving budgeting integrity and transparency is of great significance for political and economic construction and social democratic progress in China. For more than a decade, especially since the 18th National Congress of the Communist Party of China, Jiaozuo City in Henan Province has focused on the idea of scientific, democratic, and performance-oriented public financing, adhering to the principle of putting people first and basing everything we do on reality, constantly innovating in public financing with the basic precepts of “integrity and unification, standardization and transparency, and democratic performance” and unremittingly promoting various reforms and measures, before mapping a course for financial management system reform in line with Chinese conditions and with local characteristics. This new path for Jiaozuo City integrates budget preparation, budget execution, budget supervision, and performance evaluation into one and effectively promotes the coordinated economic and social development and progress of democracy at the grassroots level. It has achieved the desired results in practice and system innovation.