Research On The Difficulties And Countermeasures Of The Construction Of Grass-roots Financial Governance System

China has an administrative system of five levels of Government: Central,provincial,municipal,county and township.The grass-roots finance at the county level and township(street)level is the closest to the people.It is a key level to promote the reform of the financial system and further improve financial governance.It undertakes the important responsibilities of consolidating the construction of grass-roots political power,providing basic public services,implementing the policy of strengthening agriculture,benefiting the people and relieving enterprises,implementing the strategy of Rural Revitalization and urban social governance,However,due to the influence of various factors,there are some problems,such as unbalanced financial revenue and expenditure,nonstandard budget management,imperfect financial internal control system,weak solvency and so on.Through the collection of domestic and foreign literature on grass-roots finance,a typical analysis of J City and C District shows that although its financial operation is normal,its financial revenue and expenditure are not optimistic,and there are weak links in financial governance.Then sort out the existing problems of grass-roots financial governance,including the inadequate matching of financial power and powers of grass-roots governments,the lag of personnel team construction,the emergence of chaos in regional financial competition,the weak role of grass-roots financial budget supervision and restraint and weak ability to resist risks.Learn from the experience of other countries’ financial development,find out five elements to optimize grass-roots financial governance: clearly defining grass-roots financial functions,overall planning the construction of grass-roots financial institutions,complete allocation of high-quality personnel,sound financial management system and effective local debt management system,and further improve a modern financial governance system that can give consideration to efficiency and fairness,is more scientific and systematic,and has stronger guarantee.Finally,several optimization countermeasures are summarized: clarify the positioning of grass-roots financial functions,and reasonably divide the financial powers and expenditure responsibilities between provinces,cities,counties and township governments;Strengthen personnel incentive and performance management,and improve the construction of grass-roots financial talent team;Strengthen grass-roots financial budget management,improve the financial transfer payment system,and ensure the efficient and normal operation of grass-roots finance;Deepen the reform of centralized treasury payment,further improve the grass-roots financial supervision system,and effectively improve the ability of grass-roots financial internal control and supervision;Actively and orderly resolve the stock debt of local governments,effectively prevent the risk of incremental debt,and comprehensively improve the anti risk ability of grass-roots governments.