The deductions from the national treasury are not social security, but various taxes paid by individuals and enterprises.

According to the definition given by laws and regulations, the full name of "Treasury" is "National Treasury", which is responsible for the collection, division, retention, refund and disbursement of national budget funds, etc. business.

Various taxes paid by ordinary people and enterprises end up in the national treasury. The National People's Congress approves whether and where each money can be spent, and then the financial department, based on this approval, or the financial department authorizes each unit to issue payment instructions.

Extended information

Today when my country’s treasury industry has developed to the point where it has established a single treasury account system and joined the modern payment system, its main responsibilities are:

1. Organize treasury at all levels to accurately and timely handle the collection, division and retention of national budget revenue.

2. Open a single treasury account for the financial department and be responsible for managing the treasury single account; handle payment, remittance and liquidation of treasury funds in a timely manner; supervise and manage zero balance accounts of commercial banks.

3. Organize the treasury at all levels to conduct accounting accounting of fiscal treasury funds and budget revenue and expenditure, submit daily, ten-day, monthly and annual reports to the government finance department and collection agencies on a regular basis, and communicate with the government on a regular basis Reconciliation between financial departments and collection agencies.

4. Supervise, manage, and guide the work of the treasury and the treasury economic and revenue department at all levels; supervise and manage the collection, disbursement, refund and other matters of budget funds, and propose solutions to problems existing in the process. ; Responsible for the internal control management of the treasury, preventing treasury fund risks, and working with relevant departments to promptly handle treasury cases that occur.

5. Participate in the formulation and improvement of treasury management reform measures, and guide the reform of local fiscal treasury management systems.

6. Participate in the revision of the "Regulations of the State Treasury of the People's Republic of China", revise the "Implementation Rules of the Regulations of the State Treasury of the People's Republic of China" (referred to as the "Implementation Rules"), and study Formulate treasury management rules and regulations and organize their implementation.

7. Coordinate the business relationship between finance, taxation, customs, auditing and other departments and the treasury; supervise and inspect the account opening, appropriation and withdrawal of finance, taxation, customs and other agencies, and respond to irregularities Work with relevant departments to deal with them in a timely manner; verify issues raised by auditing, finance, etc. during inspections of the treasury department, and implement improvement suggestions.

8. Formulate a development plan for the computerization of the treasury, and work with the science and technology department to compile, develop, and promote computer programs for the treasury system; coordinate with finance, taxation, customs and other departments to do a good job in horizontal networking.

9. Prepare various reports on treasury revenue and expenditure statistics, analyze the implementation of fiscal budgets, monitor changes in treasury fund flows and stocks, and predict changes in treasury funds.

Investigate and study the impact of current major reforms in the fields of macroeconomics, taxation and finance on the operation of fiscal funds, and provide reference suggestions for better implementation of monetary policy and promotion of coordination of the two major macroeconomic policies.

10. Participate in the formulation of national debt policies and the management of the primary market for national debt, formulate systems and methods for the issuance and redemption of national debt; organize the issuance, redemption, and anti-counterfeiting of national debt by commercial banks and other financial institutions; Investigate and study the issuance scale, issuance methods, issuance conditions and social affordability, and put forward suggestions for the reform of national bond issuance.

People's Daily Online - Exploring the "National Treasury": Not filled with gold, silver and jewelry, only RMB accepted

Baidu Encyclopedia - National Treasury