| Since the project of the pilot of new rural social endowment insurance was carried out,the pace of the work is accelerating. State financial subsidies are the most important featurewhich the new system is different from the traditional rural endowment insurance system.Financial support for the new rural social endowment insurance is indispensable. Thetheory of the public finance requires the public goods and services provided by theGovernment should fall on every inhabitant to be non-discriminatory. State financial supportfor the new rural social endowment insurance is significant: not only conducive to realize thebasic objective which are "basic security, wide coverage, can be continued " of the newsystem, but also can changing the urban-rural dual structure gradually, it plays an importantrole in achieve the equalization of public services, urban and rural development, and promotethe development of economic and social stability.The new rural social endowment insurance system to achieve full coverage will requireincreased financial investment inevitably. Whether each level of financial burden andfinancial sustainability were able to achieve the completely system coverage or not, and theyare the key factors. The thesis selects the relevant data of the2009to calculate the financialburden of the central and the local finances. Analysts believe that, from the whole, thefinancial burden of the central and local governments are in the affordable range, but this doesnot mean that there is no problem in financial sustainability. Sharing mechanism between thegovernments at all levels, management operations and increasing the value of the Fund andrelated supporting policies are the important factors related to the financial support for thesustainability.To improve the financial sustainability of the new rural endowment insurance, first, itmust increase financial investment, which is the inevitable requirement of the public finances.Second, we need to structure the sharing mechanism between central and local governments,local financial system towards greater fairness and justice. Third, we need to broaden thefinancing channels of the Fund, to improve the management and operation of the Fund, toensure that increasing the value of the Fund. Fourth, to ensure that the relevant policies andsupporting an effective increase of farmers’ income, improve the level of the pensions, do agood job related to convergence of systems. |
