The basic features of the centralized treasury collection and payment system

One is that the treasury single account is opened by the treasury;

The second is that all financial revenues are paid directly into the treasury, and major financial expenditures are paid directly by the treasury to the suppliers of commodities or services;

The third is the establishment of highly efficient budgetary execution agencies, scientific information management systems and perfect supervision and inspection mechanisms.

Establishing a modern financial and treasury management system based on the treasury single-account system, with centralized treasury collection and payment as the main form of fund disbursement.