Studies On Supporting Ability For Social Security Form Haining Finance Capacity

A lot of research results have been achieved on the subject of public finance and social security, which meanwhile have solved a lot of doubts and confusions.However,with the accelerating urbanization process and the approaching peak of population aging, contradiction between income and expenses of the social security is becoming obvious. Shortage of funds has become a thorny issue for the current government. And strong financial supporting is required on accelerating the development of the social security services as well as on promoting building of a harmonious society. As such, research on how to improve the financial capacity to support social security is of great practical significance. The author, taking Haining City where she works as an example, has carried out analysis on the supporting ability to social security from Haining financial capacity, from the theoretical basis. The analysis also includes the aspects of estimating, in the next decade, the need of social security development, the financial trends and improving the financial ability to support social security. The full article is divided into four parts:First, theoretical analysis. Based on the relationship between public finance and social security, the author has briefly addressed the reason why public finances has been involved in the field of social security and the understanding of supporting ability to social security from public finance.The second and third parts are empirical analysis with respect to Haining City, which are the principal parts of the article.The second part is analysis on current status of Haining financial supporting to social security. Following a brief introduction of Haining social security system, a further study has been done on the issues of Haining financial injection into the social security and of the management of such social security fund. Four issues has been highlighted in respect of social security management.The third part focuses on Haining financial ability for supporting the social security. According to the national economic and social development in Haining "11th Five-Year Plan" program and the future situation of social security, together with the analysis of social security expenditure in Haining for the previous ten years, the author has scientifically forecasted finance injection and expenditure in the area of social security. The data indicates that the finance will run into pressures or even becomes unbearable following the first five sound years, if we do not take timely measures.The fourth part is related to measures on improving the ability of financial support for social security. Through prediction and analysis, four measures have been presented consisting of further enlarging finance and establishing a guarantee mechanism for sustainable financial resources injection, strengthening financial input and speeding up rural social security, avoiding financial risks and improving the social security self-protection ability on income and payment, and finally strict supervision of funds as well as establishing a diversified investment fund management system.