Research On Reform Of The Treasury Single Account System Of Heping District Government

Treasury Concentrated Payment System is the fully monitoring system frombudget distribution to capital transferring, capital utilization, bank settling and thecapital reaching commodity or labor supplier's account. Treasury Single AccountSystem is the system that changes the current financial capital transferring methods,concentrate all financial capital (including budget capital and the capital which is notlisted in budget) in the single treasury account in the appointed agency bank ofPeople's Bank of China, and all budget organizations shall present application forpurchasing commodities of paying for labor service, after approving by the treasurypayment administration, directly transfer the capital from the single account to thepayee. It makes the funds inflow and outflow more transparent so that the governmentcan control the amount and direction of every funds of the treasury as a whole.Treasury Concentrated Payment System Reformation has developed into one ofthe hottest subjects in China? however, the research on Treasury Single Account indistrict is still superficial with inadequate theoretical research. Taking an angle ofreform of Treasury Concentrated Payment System, this article addresses the relatedtheories on public choice and institutional innovations? it also compares theinternational experience and based on the HePing District in Tianjin, the articleanalyses the actuality and abuse of Treasury Concentrated Payment System in HePingDistrict? constructs the fundamental and model of Treasury Single Account System indistrict. This article aims at the problems and after the execution of TreasuryConcentrated Payment System and proposes the enhancement solutions for TreasuryConcentrated Payment System in Heping District in Tianjin.