Treasury Collection And Payment System Reform In China Study

With the reform of China's financial system, the traditional operation mode of state treasury management has already not suited to the socialist public finance system in our country, building a state treasury receipt and payment system that is suitable to public finance system is imperative.From the beginning of the 1980s to the implementation of "tax sharing fiscal administration system" in 1994,was the first phase of China's financial reform, this phase of reform focused on adjusting the relationship of inter-governmental fiscal relations.With the establishment of the socialist market economic system, the shortcomings of the traditional budget expenditure system was gradually emerging, which called for the changing on financial management system.In the middle of 1990s,China's financial reform entered the second phase, the core task was to establish a public financial management framework to suit to the market economic system that is,making a change from production and construction-based finance of planned economic system to public finance under the condition of market economy. Departmental budget reform, government procurement system reform, the state treasury centralized receipt and payment system, are the core and basement for establishing and improving public finance system. Above-mentioned the three reforms,the state treasury centralized receipt and payment system is an important means of government revenue and expenditure management and the necessary safeguards of budget execution reform.From the global perspective, there are three main types of the state treasury system:the first one is the independent state treasury system, the second one is state treasury system in agreement, and the third one is banking system. Since the founding of our country, state treasury system has been using all the time. Under the circumstances of planned economy, modern state treasury management system of the state treasury system in agreement, has certain positive effects on ensuring normal operation in national budget. However, with the development of the socialist market economy, treasury management system revealed many problems.Therefore, a series of state treasury management system should be established to adapt to the market economy system.The goal of reforming the state treasury receipt and payment system is to establish a modern state treasury management system that based on single treasury account system, main form of capture and appropriate capital is the state treasury centralized receipt and payment.To do well in reforming the financial state treasury management system, the national financial sectors identified the goal,the guiding ideology and principles of the financial state treasury management system, the reform agenda and the supporting measures,defined the overall framework of our country's state treasury centralized receipt and payment system.Under this framework, there have been released a series of related management systems and management methods,in order to provide institutional guarantee in reforming the financial state treasury system. As a fundamental innovation system in China's fiscal budget execution system, the implementation of financial state treasury management system is not only constrained in the aspects of policy and institutional,but also should demonstrate the need of the pilot's concerns.To this end, how to further improve the financial state treasury management system reform has become a problem to be solved for the theoretical circle and the real sector.