The Reform Of State Treasury System And The Research Of Government Cash Control System

Our current national reserve mangement system was formed under the planed economy system. Its basic characteristics are that the national reserve is managed by the People's Bank of China, which caused many problems such as duplicated accounts. While the time value and opportunity cost of the cash in national reserve are ignored.With the development and completion of public finance under the socialism market economy sytem, this traditional national reserve management model has exposed its shortcomes, such asâ‘ because of the immate between the income and outcome, huge reserved cash was idle in the account, and financial administator can not effectively supervise this.â‘¡our nationalbond is increaseingly enlarging. National reserve management means a series of financial management activities, including:â‘ through the management of cash account, cash flow and remains to manximum the idle cash in the national reserve;â‘¡meanwhile, with the precondition of guranteeing the cash expenses, cash remains can be used to do some suitable investment to achieve the purpose of getting the largest investment benefit.The main effects of the standard national cash management are as follows:â‘ Hige effective national reserve cash cash management not only gurantee the in-time expenses, reduce the idle money, but also be helpful to the improvement of the use effectiveness, and control the inceases of financial expenses and debts;â‘¡National resserve management would reduce the interest rate fluctuation and improve the market circulation.These would remarkably improve the coordination and communication between the Ministry of Finance and People's Bank of China in the field of monetary market movement, which would also improve the effectiveness and completement of the use of monetary system.â‘¢The introdution of the modern financial management conceptions such as time value, cash flow and management of asset and credit , would fulfill the purpose of central management of the cash balance. Through suitable investment, it woulf help to achieve the biggest economic benefit, promote the revolution and innovation of the national reserve management system.At present, if we want do some research in this field, we must know well about the existing problem in the traditional management management model and solve it, to avoid the waste of the idle money and increase the cash circulation, and improve the use effectiveness of the reserved cash. What's more, from the longterm view point, it is a must to build a new national reserve cash management system under the socialism market economy system.In this article, on the basis of centralized income and outcome system, the author consist to analysis by the putting the problem of our national reserve management into the building of public finance frame. With the guidiance of the public finance and time value theories, the author analysis the need and cost of the national reserve cash management system innovation from the aspect of system economy.In this article, the author gets the necesity and flexibility of the national reserve cash management revolution and innovation by comparasions vertically and horizontally with the old traditonal management model and model of the successful experience of the developed market countries.With the combination of ration analysis and property analysis, the author woud analysis how to build a new model of national reserve management system, and get the conclution on how much cash would be the suitable quantity. By the integrety of standard analysis and example analysis , the author would analysis how to choose the suitable investment ways and make the investment portfolio with the condition of our market conomy.