In this year's audit work report, we can find that there exist quite a few problems in China's current public financial performance: first, the basic work of budget performance management is not in place; second, the overall planning and coordination of budget arrangements directly affect the allocation efficiency of financial funds; third, the use and management performance of local debt funds needs to be improved; fourth, there are idle or loss and waste of poverty alleviation funds; fifth, institutional rules in some areas require to be improved quickly; sixth, the role of government investment fund in supporting the development of enterprise industry is not fully played. From the problems revealed in the audit report and the reasons behind the system mechanism, improving public financial performance is a systematic project closely related to the modernization of national governance. Governments and departments at all levels should bear the main responsibility for improving financial performance. In the practice of financial management, China has been vigorously implementing a performance management system for budgets in recent years, which should also be paid attention to by audit supervision for a long time. In addition, to implement the relevant laws and regulations, strengthen the supervision of the People's Congress and public opinion is an indispensable force as well.
