Study On Treasury Single Account System

Treasury single account system (TSA) is a system that changes the hierarchically transferring of financial capital and converges all the government's financial capital to the People's Bank or the authorized agent banks to open single treasury accounts. When it needs to purchase goods or pay for the labors, the budgeting unit should apply and the treasury-disbursing department will audit the application. Then the fund is directly transferred to the applicant. Based on the experiences we learned from other countries, the system is implemented after some changes according to the real situations in our country. It is an important part of the public finance disbursing system to implement the centralized treasury disbursing policy. The study of public finance is one of the hottest areas in the academia. Under the condition that all the countries' financial disbursements are larger and larger, it is obvious that to avoid the great financial wastes and losses it is more necessary to have a good and reasonable disbursing system in conformity with the national policies. The National Finance Department is planning to popularize the treasury single account system throughout the country from 2001. So the policy-makers are trying to find a way to make use of other countries' experience in a system-different country so that it can not only make the procedure of the financial capital disbursement perfect but also make it in accordance with the government's special demands.The author illustrates the economic function of public sections, and analyses the cause of public disbursement, and also constructs the optimal scale of public disbursement. The author also summarizes the reform experiences of foreign countries. Then the author presents the managerial system of the budget in our country, which we can know the necessity of this treasury reform. After this, the author illustrates the correlative contents of TSA, such as standard process and the occasion of this reform. The author puts forward four capital modes, which accords with our instance. They are basic pattern of central government to senior budget units, basic pattern of central government to skeleton budget, basic pattern of financial direct disbursement and basic pattern of financial accredit disbursement. The author also advises a new effect modes can be put into practice after treasury banks come into existence. In this article, we can pick up the appraisals and advices of this reform. At last, the author puts theory into practice, brings forward that we can remain the capital using rights in colleges, but we should constitute capital managerial committee to masterfinancial capital, and carry out a new mode at colleges, which is like TSA.