On The Current Stage Of China's Reform Of The Centralized Treasury Payment System Issues And Countermeasures

Treasury Concentrated Payment System is the fully monitoring system from budget distribution to capital transferring, capital utilization, bank settling and the capital reaching commodity or labor supplier's account. Treasury Concentrated Payment System is the system which changes the current financial capital transferring methods, concentrate all financial capital (including budget capital and the capital which is not listed in budget) in the single treasury account in the appointed agency bank of People's Bank of china, and all budget organization shall present application for purchasing commodities or paying for labor service, after approving by the treasury payment administration, directly transfer the capital from the single account to the payee. The system is implemented after supplemented and modified according to Chinese condition basing on absorbing the experience of foreign countries.The Treasury single Account System is a fiscal fund Payment management system generally adopted by developed country. With the development of socialist market economy and the establishment of public fiscal system, the disadvantages of our traditional fiscal fiuld decenirallzed payment system appear more and more. In order to change the situation of in efficiency of fiscal fund using, insufficiency of supervision and management, frequent corruption, it is necessary to consummate the Treasury Single Account System further by drawing on the international experience and integrating our practical condition.Taking an angle of reform of concentrated capital collection and allocation, this article addresses the related theories on public choice and institutional innovations; It also compares the international experience and based on our country, the article examines the management status prior to and after the execution of concentrated capital collection and allocation system. Combined with the study on theories of public economics, public management and institutional economics, the paper confirms the feasibility of introduction of concentrated capital collection and allocation system, but it pointes out some existing problems. On the basis of the experience gained in the western developed countries, this article aims at comparing the problems prior to and after the execution of concentrated capital collection and allocation system and proposes the enhancement solutions for concentrated capital collection and allocation system on our country. The dissertation was divided into five parts. The first part summarizes the domestic and foreign research situation, and then proposes our research ideas. The second part, Firstly, expounds the basic concept of financial state treasury payment system. Secondly, addresses the related theries on public choice and institutional.innovations. Thirdly, introduces ourmodern state treasury management system.The third part ,Firstly explains the guided idea and principal and main content of the finance state treasury centralized payment system reform, then, introduces the main experimental situation and problem in carrying out finance state treasury system reform. The fourth part introduces the system arrangement of carrying on centralized revenand payment system in America, England, Japan etc. Then deeply analyses the modecountry' experiences usages.the fifth part proposes the idea and direction forthe centralized treasury payment system in the future.This article is innovation: as for the technical problems: the comprehensive budget and capital allocation and planning is not well managed and ect. As for the problems on the institutional level such as the reforms on governmental budget management and budget accounting system accounting system do not take place simultaneously; legal system needs further improvement, the paper presents the solutions and suggestions; better carry out comprehensive budgeting efforts and improve the rigorousness of the execution and ect. fortify the budget system reform and legal constructions in the institutional perspective; make the amendments of relevant law, regulations and institutions and ect.