Research On Optimization Of Basic Endowment Insurance For Urban And Rural Residents In D Town,X City From The Perspective Of Public Finance

With the further deepening of the aging population in China,the elderly care needs of social groups are becoming increasingly urgent.In addition to commercial pension insurance products purchased by individuals,social basic pension insurance is also receiving increasing attention.As a component of the social security system,social basic pension insurance plays a crucial role in promoting economic development and social progress.However,compared to urban residents’ pension insurance,rural pension insurance has many problems in its operation due to its slow development.Therefore,in2014,China unified these two types of insurance into urban and rural residents’ basic pension insurance.The basic pension insurance for urban and rural residents,as a financial and policy tool that benefits the people and farmers,is one of the necessary links in the construction of China’s pension insurance industry.Unlike commercial pension insurance products,social basic pension insurance has a strong policy nature and largely requires financial support,especially for the development of urban and rural residents’ basic pension insurance,which requires sufficient government investment.To some extent,the level of government financial expenditure basically determines the external guarantee level of basic pension insurance for urban and rural residents in China.The basic pension insurance for urban and rural residents heavily relies on government financial expenditure,which serves as a policy tool for maintaining national social stability and macroeconomic development.Its structure not only reflects the scope of government functions,but also provides direction for the government to formulate policies.Therefore,the original intention of this study is to find policy design solutions that meet practical needs.On the basis of public finance theory,public product theory,and social security theory,this article analyzes the impact of fiscal expenditure on the basic pension insurance guarantee level of urban and rural residents.This article takes D Town in X City as the sample area.By designing a survey questionnaire and conducting on-site household surveys,we understand the implementation of the basic pension insurance system for urban and rural residents in the local area,as well as the satisfaction of farmers with the basic pension insurance system for urban and rural residents.Ultimately,it is found that in order to optimize the financial responsibility performance of the basic pension insurance for urban and rural residents,the local government needs to improve its financial support capacity and establish effective supervision mechanisms,At the same time,accelerate legislation,ensure the institutionalization of government financial responsibility,establish a good image of managers,enhance the willingness of local residents to participate in insurance,and drive local economic development.