It was learned from Chenzhou Finance Bureau that the financial investment review center focused on two themes of “quality and efficiency” to explore the review model of “separating management and evaluation, combing editing and review” in 2014, which helped to hit historical records on both review amount and reducing rate. 522 financial investment projects amounted with 3.56billion yuan were covered on the review list in 2014. Finally, 2.608billion yuan of the total amount was approved with a reducing rate of 26,74%, accounting for 950million yuan.

For a long time, some problems as inaccurate budget, lacking serious on budget execution, random increase and adjustment of budget, and etc. usually happened on the infrastructure construction field, which caused the financial departments run into a passive situation that “finance should pay the bill for some departments”. In order to solve the problems, Chenzhou Finance Bureau further enhanced rules as “budget after review”, “bidding after review”, “payment after review”, and etc. It also expanded the financial review range from civil engineering and installation projects to all government-investment projects.

On the basis of well carrying out the foundation work, Chenzhou Finance Bureau also bravely innovated new working idea that it firstly established a financial investment review model of “separating management and evaluation, combing editing and review” by the way of government purchases service. The bureau drew up and issued “entrust solution of engineering cost consultation on Chenzhou municipal level financial investment review projects” on behalf of Chenzhou Government. 15 cost consultation agents were confirmed by public bidding, and an cost consultation agent’s intermediary organ of Chenzhou municipal level financial investment review projects was established accordingly. All the cost consultation work concerned for government investment projects should be authorized to the agents listed in the intermediary organ. Concerned for the entrusted measures, the projects with 30million yuan (or below) budget would be confirmed by order after Chenzhou financial review center discuss with all the owners; the projects with over 30million yuan budget would be confirmed by ballot with the organization of Chenzhou financial review center and projects owners; and the budgets for quota projects and other settlement projects would be figured out by both Chenzhou financial review center and intermediary organ. In order to enhance the supervision for the intermediary organ, an annual assessment system which was related with the service fees, quality and time limit was set up by Chenzhou financial review center. The agents ranking in the last two places, badly violating rules and accumulating to three times on inaccurate budget rate of 97% (lower) would be forced to handle the rectification work and temporarily canceled its consultation work for 6 months. The agents accumulating to two times on inaccurate budget rate of 92% (lower) would be eliminated from the intermediary organ. From the date of handling this innovative model, 210 projects covered with 1.868billion yuan were entrusted to the agents, which helped to upgrade the quality of government investment projects budget formation and review from the source.