What does China's national treasury mean?

Treasury, short for treasury. How to define this concept is still controversial in academic circles. Correctly revealing the meaning of the national treasury is the most basic problem of 1, which directly affects the management and operation of the national treasury and the construction of the legal system of national treasury management. The so-called national treasury refers to the operation mode that the government concentrates all financial funds (including budgetary funds and extra-budgetary funds in China) in an account opened by a designated agent bank for centralized management, and all financial funds are collected, distributed and liquidated through this account. It consists of centralized income system and centralized payment system, and it is a common mode of government funds revenue and expenditure in market economy countries.

As an important part of the national budget implementation, the national treasury is the institution that handles the national budget revenue and expenditure and the functional department of the People's Bank of China. It is responsible for implementing the national budget revenue and expenditure, managing fiscal deposits, organizing the issuance and payment of national debt, and reflecting the changes in the national budget revenue and expenditure and national credit. Over the past 20 years, librarians have made positive contributions to supporting local economic development. However, with the further deepening of the financial system reform, the national treasury, as a combination of finance and finance, is facing new opportunities and challenges. The author discusses how to give full play to the functions of grass-roots treasury under the new situation.