On The Improvement Of The Legal System Of China's Treasury

The state treasury is an organ that the governments carry out the budget; manage the financial funds and liabilities; supervise and control the financial revenue and expenditure, the main task of which is the management of income and expenditure of financial funds. The function of modern national treasury stressed the function of management and supervisory on the wealth of the country. The establishment of a modern treasury system, on the basis of accounting of the income and expenditure, with the master of a comprehensive, accurate and timely revenue and expenditure information, the management and control of the activities of all revenue and expenditure, have become the new basic functions of the state treasury, but also it's the starting point and purpose to improve China's treasury legal system.Throughout the evolution history of the state treasury system, the past state treasury system is fragmented, emergency, and partial. The treasury legal system obviously lags behind the development of a modern market economy, and contradicts with the establishment of public financial objectives and the financial rules. To improve the legal system of the state treasury has become the extremely urgent demand of the reform of the system.Other people's doing and advice are of help. It's an important referential value to study and learn the advanced legislation and successful experiences from the United States, Japan, France and other western countries in the construction and improvement of Chinese legal system of the state treasury. Studies on the national treasury legal systems of U.S., Japan, and France can enlighten us in the following areas, to set up a reasonable and organizational treasury structure, to pay attention to legalize of fiscal system, to establish the single account system of the national treasury with centralized management of fiscal funds; to carry out the three separate system on budget, implementation, supervision and improve the supervision and control system of the state treasury.We should follow the three basic paths to perfect China's treasury system. In the aspects of organizational legal system of national treasury, first, to set up a relative independent agency for the state treasury; secondly, to establish an implementation institution for the financial national treasury payment system; thirdly, to strengthen the coordination and cooperation between the state treasury and the relevant organs. In the aspects of the legal system of centralized treasury receipt and payment, first, to lift all the transition accounts and further improve the treasury single account system; then, to improve revenue collection procedures to avoid decentralizing management of the state treasury funds; thirdly, to standardize the procedures for defraying expenditures, and prevent the treasury funds from "leakage, drop, run and take"; finally, to establish payments system matching with centralized collection and payment system. In the aspects of supervision of the national treasury legal system, to establish a comprehensive supervision mechanism for the centralized treasury receipt and payment system; to improve the state treasury officials' liability; to carry out the three separation system of budget, implementation, and monitory; to improve the supervision and control system of the state treasury.Good legal order is the forerunner. Therefore, the building and improvement of the treasury legal system, which are directly related to the historical process of the state treasury reform, are of great significance.