Study On The Problems And Countermeasures In The Operation Of Direct Financial Capital System

According to China’s government management system,China has five levels of finance,which also means that it takes a relatively long time to allocate funds from the central level to the most grass-roots level.After the outbreak of COVID-19,economic and social activities were seriously affected,and once stagnant,resulting in a sharp decline in revenue.Under such circumstances,the contradictions arising from previous reforms and the problems of economic and social development were constantly enlarged,and it is urgent for financial funds to be allocated more quickly,efficiently and accurately.In order to solve the problems existing in the distribution and use of financial funds,put more critical financial funds on the cutting edge and boost economic and social recovery and development,the state proposes to establish a special transfer payment mechanism,with "central segmentation,provincial refinement,filing consent and rapid direct access" as the core,and implement direct access to some financial funds to ensure that financial funds can directly reach grass-roots governments,It can directly reach relevant market subjects and the people,and from 2021,it is decided to normalize the direct financial fund system.On the whole,direct financial funds have played an important role in promoting the rapid recovery of China’s economy and society from the COVID-19.However,as an urgent policy measure and changing the existing financial fund allocation management mode to a certain extent and within a certain range,it is inevitable that there will be some problems that need attention.In particular,after the decision to implement normalized direct financial funds in 2021 and further expand the scope of direct funds,in order to ensure that the work carried out by the normalization achieves the expected results,and the direct funds are used in key parts and play key effects,it is more necessary to analyze,study and judge the implementation of the work,carefully study the existing problems and improve them in combination with the actual situation.Taking S Province,a major economic province in eastern China,as a specific case,this paper makes an in-depth study on the problems existing in the direct access of financial funds in S Province by means of interviews,and carries out thematic research.The problems are summarized into four aspects:allocation,appropriation,use and management.Specifically,it is summarized as that the allocation of funds is late,non-standard,the reporting time is tight,and the "money and other projects" are beyond the scope of use,there are potential safety hazards,low performance and multi head management,In conflict with reality,the grass-roots units are struggling to cope with and occupy other expenses.Then,using the relevant theories of policy process and fiscal decentralization,this paper analyzes the causes of the problems from the aspects of policy introduction process,operation mechanism,supervision and evaluation,mobilizing the enthusiasm of local governments and so on.Finally,actively explore and optimize the effective path of direct financial funds,and put forward opinions and suggestions from the aspects of top-level design,straightening out the mechanism,supervision and evaluation,appropriate rights and responsibilities,in order to provide theoretical and practical reference for the normalized implementation of direct financial funds.