About The Reform In The Treasury Payment System Centralization

As the social market economy establishes and thrives in China, the public fiscal system is also under construction and perfection. Three fiscal reforms-the ministry-level-budget system, the government purchase system and the centralized treasury payment system-are under way to facilitate this brand-new framework. This thesis focuses on the treasury reform, which is considered to be a powerful measure in simplifying the payment procedure, accumulating funds for better use and boosting the efficiency of fund usage.The thesis begins with a brief introduction to the evolution, the current situation and drawbacks of the treasury payment system and the necessity of a reform. Then follows the widely-accepted treasury practices in the developed countries and the guidelines, principles and fabrics of the treasury reform undertaken. Compared with the old decentralized payment system and the associated accounting system, the transfer to centralization is found to be in badly need and indispensable. Taking the Ministry of Education and its pilot affiliated universities as an example, we analysis the existing and potential impacts of the reform on the budget units, probe into the problems they confront in the progress and present some advices about how to solve the above-said problems. Finally, taking international experiences in the treasury reforms and the specific characteristics of our country into account, we deliver our proposals concerning further transformations in the treasury payment system.