The Treasury Centralized Payment Reform Research In Luolong District

The traditional treasury payment system is a decentralized payment system,which is no longer meeting the social development. The modern centralized treasurypayment system is a more common system in the world, and in this way it adapts andpromotes the development of market economy. Expenditures of government fundstakes the method of separating ownership and use right, only when financial fundsactually paid to suppliers or services providers financial departments allocate fundsdirectly from the treasury single account funds.The establishment of centralized treasury payment system is able to change thecurrent dispersed situation of financial funds, achieve centralized management offinancial funds, and standardize budget implementation to improve the benefit in theuse of budget funds, promote budgeting unified and standardized, impel financialmanagement work become scientific and standardized. It also can effectivelyovercome the phenomenon of feedback delay and low transparency in capitaloperation, in order to know the overall condition of capital operation, ensure thefinance information feedback timely, truthful and reliable, which provide a basis foredit department editing next year budget and provide decision plan for government tomake macro decision. It can promote the financial management from decentralizedfinancial management to centralized management, from rely on the financialmanagement to establish healthy regulation of budget management system, basicallychange the way of budget funds management and budget execution. This turns thebudget supervision from later supervision to former supervision and middlesupervision to control the occurrence of malversation at the source. It is the effectivelymethod of supervising budget execution.With the background of our centralized treasury payment system reform,comparing and learning from the international experience, we analyze the frameworkof the district-level centralized treasury payment system, and on this basis, take Luoyang city Luolong district for example, affirmed their achievements in the reformof the centralized treasury payment system, propose some suggestion for problems inthe reform.