Research On The Optimal Balance Of Local Treasury Deposit

With the deepening of economic development and reform,the fiscal revenue has been high year by year,the volume of cash balance of the treasury is increasing day by day,and the voices of the governments at all levels for the effective operation and management of the library are getting higher and higher.The central level of the library management has been started in 2008,through the financial account to clean up,stock funds to recover,to speed up the replacement of bond funds,commercial banks,such as time deposits and other measures,the size of the pressure drop library to achieve tangible results.The end of 2014,the local treasury cash management pilot work began to open.At present,the local treasury for the local treasury,mainly relying on bonds between commercial bonds pledged to maintain value-added,its security and profitability is guaranteed.Therefore,the focus on the local treasury library management is focused on determining the optimal base balance,that is,the establishment of a scientific treasury cash flow forecasting system,to find the treasury cashes risk minimization and maximize the best balance between the benefits of the library To maintain a reasonable level,as local governments and financial departments to manage the management of the top priority.On the basis of summarizing the domestic and foreign literatures and summarizing the concept of inductive theory,this paper analyzes the current situation of the management of the bottom of the national treasury and the management of the management of Zhejiang Province,Including the current fiscal and taxation system is complex,it is difficult to accurately predict the treasury revenue and expenditure,the treasury reform is not complete and below the provincial management has not yet fully liberalized.At the same time,the historical data onto cash income,expenditure and balance of X District treasury in recent years are collected,and the inventory model and stochastic model are used to estimate andevaluate the optimal bank bottom balance of X District treasury.The determination of the target balance has practical value.However,due to the external factors,the prediction results of the model are also susceptible to interference,and the limitations are arbitrary and subjective,and the limitation is short.Therefore,the author of the model has been extended to join the empirical value of the proportion of predictions,making the forecast more realistic.Finally,the author puts forward some policy suggestions of / for the management of the balance of the bottom of the national treasury,including improving the accuracy of the balance of the bottom of the library,strengthening the information support,establishing the professional team,and perfecting the management mechanism of the treasury at the bottom of the treasury.