Some places allocate the special debt funds through the signing of the prepaid funds of supplementary agreement

The 21st Century Business Herald reporter Yang Zhijin reported that starting from this year, the regulatory authorities have established a special bond expenditure progress to report the early warning system to better play the role of special bonds on effective investment.

The reporter learned that in order to accurately grasp the actual expenditure of the special debt, the local debt system was upgraded this year: First, the original "new bond expenditure entry" function was renamed "entry of the financial department expenditure" and used for the financial department to conduct information on bond national treasury appropriation information Entry. The second is to increase the "actual expenditure entry of project units" to fill in the report of actual expenditure information for project unit users.

A person from a city in a city in East China stated that the progress of the special debt expenditure mainly focused on special debt used for project construction, excluding special bonds for small and medium banks. The three indicators should be paid accordingly. One is the issuance progress, which is equal to the amount of bond issuance/the amount of bonds issued; the second is the fund allocation progress, which is equal to the amount of the state treasury allocation/bond issuance amount; the third is the actual expenditure progress, which is equal to actual expenditure of the project unit. Amount/Treasury allocated amount. Among them, the latter is the most important indicator.

Organize the progress of the expenditure accordingly. For example, a province passes the combination of the "main+auxiliary" indicators for assessment. The main indicator is the overall expenditure progress of the region (department). The proportion of the standard projects is set up from high to low. The above two dimensions are combined with different early warning interval.

The province also requires the implementation of "third -level prevention and control" measures, the suspension of special bond issuance in the first -level early warning range, the person in charge of the interview between the second -level warning range, the number of special bond issuance in the third -level early warning range, the pressure The main responsibility of the real city and county government and the provincial authorities, avoiding the leisure of bond funds, and forming effective investment as soon as possible.

From the perspective of this year, as of the end of June, the scale of new special bond issuance reached 3.4 trillion, which basically completed the task target of the debt issued by the State Council in the first half of the year. After the bond issuance, the provincial finance can quickly transfer bond funds to the municipal and county finances, and the municipal and county finance will allocate funds to project units, which takes less time. As for the actual expenditure progress, according to the State Frequently on June 23, it is basically completed before the end of August.

According to the data obtained by the 21st Century Business Herald reporter, the expenditure progress of a province shows that as of the end of June, the actual expenditure of the project units in the province was about 70 billion yuan, and the expenditure progress was 42%. 100 million yuan, the expenditure progress was 73%; the second batch of new special debt issued issued by the second batch was issued in mid -June. The actual expenditure of the project unit was more than 10 billion yuan, and the expenditure progress was 13.4%. The province conducts early warning of a city with the actual expenditure below the province, and notified to the main responsible comrades of the local municipal party committee and municipal government.

In order to complete the expenditure progress goal, there are changes in some places. The "Strengthening the Performance Management of Districts and County in the Shandong Regulatory Bureau of the Ministry of Finance on July 7th, accurate and sustainable opening up the policy of" last mile ", stating that the progress of bond funds in some districts and counties is not compliant.

The analysis of the article states that in order to accelerate the progress and use of special bonds and earlier the bond funds to leverage the economy, financial departments at all levels of provinces and municipalities have scheduled the progress of bond funds every month and closely pay attention to the efficiency of funds. However, in the regulatory supervision, it was found that due to the direct linking of the assessment of the department in some areas, the ranking will even directly "interview" the leaders of the district and county; Coupled with the general situation of "heavy funds to strive and promotion of light projects", bond funds have made a slower progress in actualization.

The article also pointed out that under the pressure of the project unit, the actual progress of the project was ignored, and the payment was not paid in accordance with the contract. To a certain extent, the amount of special bond funds has the role of special bond funds on stimulating consumption and leverage the economy.

The article recommends the establishment of an efficiency evaluation mechanism for the issuance of local government bonds and an evaluation mechanism for the use efficiency of bond funds. Constantly improving the setting of evaluation indicators, mainly includes project expected income and financing balance, project income, repayment of principal and interest supervision, project funds and payment progress, database mats and cushions, etc. In the equally benefits, strengthen the performance evaluation of bonds from issues from issuance to funds, and promote the improvement of bond issuance management and the improvement of bond funds with performance evaluation.

(Coordinating: Ma Chunyuan)

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