Research On The Financial Dilemma And Countermeasures Of Kaiyang County Township

Town finance is the most basic level of five levels of Chinese finance.In our country’s public finance system,town finance is an important way of allocation of rural social resources.It plays an important role in allocating financial funds reasonably and promoting the development of rural revitalization.the problem of the lack of financial funds in towns and villages is becoming more and more serious.Especially,some counties and cities with low economic level are facing many difficulties and challenges in carrying out their financial work under the influence of the COVID-19 pandemic,the rectification of problems reported by the central environmental supervision,and the lack of power and financial rights.It is urgent to put forward effective measures to solve the predicament faced by township finance,so as to consolidate the grass-roots political power.Therefore,under this background,it is of great practical significance to study and discuss the township finance problem.This paper takes the township finance of Kaiyang County as the research object.First of all,the background of the township finance dilemma is analyzed,and the purpose and significance of this study are put forward.Through discussing the research results of relevant research topics at home and abroad,the concept,characteristics and functions of township finance are obtained.At the same time,it is pointed out that the study of township finance should be based on the theory of public goods,the theory of fiscal decentralization,the theory of public finance and the theory of transfer payment.Secondly,through the investigation and research of the financial situation of some towns in Kaiyang County,this paper expounds the overall revenue and expenditure situation of the township finance in Kaiyang County and the results of the township finance.On this basis,it further summarizes the manifestation of the current predicament of Kaiyang County township finance,such as financial imbalance,debt burden leading to a vicious circle,supervision and management loopholes,budget implementation and management in a mere formality.At the same time analyzes the causes of township financial predicament,including weak economic foundation,financial expenditure expansion,financial management mechanism is not perfect,financial budget management ability is weak.At last,this paper puts forward seven aspects to solve the financial dilemma of Kaiyang County: first,strengthen the cultivation of tax sources and enhance the ability of financial security;Second,we will pay more attention to the allocation of assets and improve the expenditure structure.Third,actively promote the standardization of budget and implementation;Fourth,strengthen financial management innovation,improve the level of financial supervision;Fifth,establish a strong sense of the bottom line,effectively prevent and defuse government debt risks;Sixth,improve the transfer payment system;We will improve the mechanism for dividing fiscal and administrative powers among governments.Hope through these countermeasures,so as to gradually resolve the financial difficulties of Kaiyang County township,out of the predicament.