What is a transfer payment within the national economy 10

Transfer payment. transfer payment), also known as gratuitous expenditure, it mainly refers to the transfer of financial funds between all levels in order to solve the financial imbalance through certain forms and channels, which is used to supplement public goods.

The provision of a kind of gratuitous expenditure is a unilateral gratuitous transfer of financial funds, reflecting a non-market distribution relationship. It is a means of secondary distribution.

Transfer payments are a way to balance the level of economic development and solve the gap between the rich and the poor.

financial methods, including transfer payments, corporate transfers, and inter-bank transfers.

In the evaluation of the national economy, the taxes, subsidies, and interest on loans of the national bank of the project do not have an absolute increase or decrease on the gross national product, but are only internal transfer payments between various departments, and are not used as project expenses or income.

Simply put, it is the transfer of income from some people or organizations to others. For example, the issuance of relief funds to the disabled.

Transfer payments: A form of income redistribution.

Transfer Payment Definition:

Transfer payment is a kind of subsidy between **. It is based on the differences in financial capacity between the levels and the realization of the equalization of the level of public services in various places, and the implementation of a financial fund transfer or financial balance system.

Transfer Payment Reason:

One of the reasons is that the fiscal capacity of some localities** is very low, and the revenue received is not enough to meet the needs of spending on the most basic public services with average tax efforts.

Reason 2: The externalities that exist in the provision of public goods will lead to an insufficient supply of public goods.

Reason 3: Local governments have their priorities and priorities in fiscal expenditure and investment, and this may contradict the investment focus considered nationwide and the screening criteria for investment projects.

Types of transfer payments:

1.General transfer payments, mainly financial subsidies from the other party, do not specify the purpose, and the local government can arrange the expenditure independently;

2.Special transfer payments mainly serve the specific policy objectives of the government, and the local government shall use the funds in accordance with the purposes specified in the government.

Legal analysis: The purpose of implementing transfer payments is to solve the vertical imbalance between ** and local finance, the horizontal imbalance between various regions, and the compensation beyond the region"Spillovers of interest"and ****"Strengthen national cohesion"；Its essence is a kind of financial subsidy, and the basic performance is:"Pumping fat to make up for thinness", reflecting the country's macroeconomic and fiscal policies; It is characterized by the symmetry of administrative power and financial power, the two-way nature of capital flow, the scientific nature of system management, and the unity and legality of policy implementation. Generally, it is divided into general transfer payment and special transfer payment. As a form of distribution for dealing with financial relations between countries, transfer payments occupy an important position in various financial systems in various periods of our country, play a certain role in regulation and control, and are an indispensable and important content of the financial system.

Legal basis: "Decision on Deepening the Reform of the Budget Management System" Article 3 Rationally divide the powers and expenditure responsibilities of the bank and the local government, gradually promote the reform of the transfer payment system, and form a transfer payment system that balances the basic financial resources between regions and is arranged and used by the local government as the main body, and the general transfer payment and special transfer payment are combined. If it belongs to the right of the first person, the first shall bear the responsibility for the expenditure in full, and in principle, it shall be directly implemented by the first through the expenditure arrangement at the same level; With the collection of entrusted powers and expenditure responsibilities, the proportion of expenditures for direct performance of powers should be increased, and the special transfer payments entrusted to local governments should be reduced accordingly.

If it is a joint authority of the local government, the responsibility for expenditure shall be shared with the local government, and the shared part shall be entrusted to the local government through special transfer payments. If it belongs to the local authority, the local government shall bear the responsibility for expenditure, and the support will be mainly provided through general transfer payments, and a small amount of guidance, relief, and emergency affairs shall be supported through special transfer payments, so as to achieve specific policy objectives with Fengsouyan.

Legal Analysis: Transfer payment refers to a kind of payment that is not made by ** or enterprises for the purchase of goods and services in the current year, that is, ** or enterprises pay to individuals or subordinates for free, in order to increase their income and purchasing power, it is a form of income redistribution.

Legal basis: Legislation Law of the People's Republic of China

Article 65: Administrative regulations are to be formulated in accordance with the Constitution and laws.

Administrative regulations may provide for the following matters:

1) Matters that require the formulation of administrative regulations in order to implement the provisions of the law;

2) Matters of administrative authority as provided for in Article 89 of the Constitution.

For matters that should be enacted by the National People's Congress and its Standing Committee, administrative regulations that have been enacted first decided on the basis of the authorization of the National People's Congress and its Standing Committee, and when the conditions for enacting laws are ripe after being tested in practice, they shall be promptly submitted to the National People's Congress and its Standing Committee for enactment of laws.

Article 73: Local regulations may make provisions on the following matters:

1) In order to implement the provisions of laws and administrative regulations, it is necessary to make specific provisions according to the actual situation of the administrative region;

2) Matters that are local affairs that require the formulation of local regulations.

Where the state has not yet formulated laws or administrative regulations on matters other than those provided for in Article 8 of this Law, provinces, autonomous regions, municipalities directly under the Central Government, districted cities, and autonomous prefectures may first draft local regulations on the basis of the specific conditions and actual needs of their respective localities. After a law or administrative regulation formulated by the state takes effect, the provisions of the local regulation that conflict with the law or administrative regulation are invalid, and the drafting organ shall promptly revise or repeal them.

Districted cities and autonomous prefectures formulating local regulations on the basis of paragraphs 1 and 2 of this article are limited to the matters provided for in paragraph 2 of article 72 of this law.

Formulate local regulations, and generally do not duplicate provisions on the content that has already been clearly stipulated in the higher-level law.

Transfer payments to local governments are an important part of the fiscal relationship between China's governments, and they are an important carrier for adjusting the differences in local fiscal revenues and achieving the goal of equalization of basic public services.

The transfer payment system is also known as the subsidy system, which refers to the difference between the local fiscal revenue and expenditure budget, and the direct appropriation subsidy is adopted, that is, the transfer payment from the superior to the lower level; It is also the practice of the higher level to allocate a part of the fiscal revenue to the lower level in a certain form to achieve the balance of revenue and expenditure of the financial reserve budget.

Singapore**'s policy of giving money to the poor and allowing the rich to raise taxes in response to price increases is known as "transfer payments". The policy aims to alleviate economic pressure in times of inflation and prices by providing cash assistance to low-income people who do not have a small income. The way to achieve this policy is to fund these aid measures by imposing higher taxes on wealthier residents.

The effect of this policy in Singapore is significant, especially for low-income households, who can better cope with their daily expenses in an environment of rising prices. However, the applicability of such policies to other countries needs to take into account the economic, political and cultural circumstances of each country. Here are some factors to consider:

1.Economic situation: Singapore is a highly developed country with an efficient** and extensive social security system. However, this may not be the case in other countries. In some countries, it may not be able to provide sufficient funding to implement such policies.

2.Politics: In Singapore, ** has more control over the country. But in other countries,** you may not be able to manage your money effectively and may face opposition from different political persuasions.

3.Cultural context: Different cultures may also have different levels of acceptance of policies.

In Singapore, people may be more receptive to the practice of providing them with cash assistance due to the impact of the social security system. But in other countries, there may be more emphasis on the importance of self-reliance and private property.

Therefore, while Singapore's transfer payment policy has addressed the economic pressure of the poor when prices rise to some extent, there is a need for in-depth research and analysis of each country's situation when considering whether other countries should follow suit.

What is a transfer payment? Why should transfer payments be excluded from the national economic benefit analysis of the project?

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Transfer payment refers to the analysis of the national economic benefits of the project on the basis of the analysis of the financial benefits of the project, attention should be paid to some cash receipts and expenditures directly related to the project, such as the state subsidies received by the project, as well as various domestic taxes, domestic borrowing interest and employees' and workers' salaries, etc., Chong Shiyu should exclude the transfer payment in the analysis of the national economic benefits of the project because these revenues and expenditures have not caused the increase or decrease of actual domestic resources, and they cannot be used as benefits and expenses in the analysis of the national economic benefits of the project. Instead, it should be excluded from the original benefits and costs as an internal transfer payment. <>

What is a transfer payment? Why should transfer payments be excluded from the national economic benefit analysis of the project?

The so-called transfer payment refers to the analysis of the national economic benefits of the project on the basis of the analysis of the financial benefits of the project, and attention should be paid to certain cash receipts and expenditures directly related to the project, such as the state subsidies received by the project, as well as various domestic taxes, domestic borrowing interest and employee wages paid by the project, although they should be regarded as benefits (cash inflows) and expenses (cash outflows) in the financial benefit analysis, but because these revenues and expenditures occur between various domestic departments, from the perspective of the national economy, These revenues and expenditures have not resulted in an increase or decrease in actual domestic resources, and they cannot be treated as benefits and costs in the analysis of the national economic benefits of the project, but should be excluded from the original benefits and costs as internal "transfer payments".