Research On The Problems And Countermeasures Of The Centralized Treasury Payment In Guangzong County Of Hebei Province

The treasury centralized payment system is to the way to change the current financial funds. It will place all the financial funds including budget funds and extra-budgetary funds which is included in the budget management to concentrated in the people’s bank of China or treasury single account of designated agent bank. When the units need to purchase goods or pay the services, the budget units need to proposed to apply, and after the audit by the treasury payment mechanism, the capital will directly transfer from the single account to the payee. This is the treasury centralized payment system. It is based on the experiences of foreign countries, to carry out in accordance with the implementation of the national conditions of our country.Western developed countries generally adopt the centralized treasury system as its financial management system. With the development of our socialist market economy, the disadvantages of original Treasury dispersed system are becoming obvious. In the traditional treasury payment system, the allocation and the usage of financial resources are very opaque. The treasury department budget funds allocated to the budget units by the State Treasury enforcement, budget unit using the financial funds do not need to re apply to the financial department. This makes a lot of financial funds free from the national government control, financial fund management have serious risk. Budget unit private and disorderly open the coffers flooding, the fiscal funds long-term retention in the budget units account is lack of effective use, the shortcomings of countries can not co-ordinate planning of financial funds and real-time monitoring of financial funds is to become more and more obvious. These shortcomings gave birth to the occurrence of corruption. Therefore, the reform of centralized treasury payment system is imperative.This paper takes the public treasury centralized payment and principal-agent theory as a starting point to explain the concept of a centralized treasury payment; briefly introduces domestic advanced centralized payment system reform with comparative methods; analyzes the main problems and causes of centralized treasury payment system of Guangzong country. This paper also give advice for treasury centralized payment reform of Guangzong country.