Exclusive ｜ This year's new special debt expenditure progress requires adjustment: use before October

The 21st Century Business Herald reporter Yang Zhijin reported that according to the original requirements, 3.45 trillion new special bonds used for project construction this year need to be used at the end of August, but the recent demand has changed.

The 21st Century Business Herald reporters learned from a number of local financial sources that the regulatory authorities notified the local government at the end of August that the special debt this year was required to be used before the end of October. funds. The reporter also learned that some of the conditions have made this progress requirement in advance. Some provinces clearly use it before the end of September, and some places have completed the task according to the original plan.

Several local fiscalities believe that the reasons for this adjustment are the following: First, this year's steady growth pressure is greater, the special debt has set up the expenditure progress requirements for the first time and the time limit for use is very high. The indicators have violated operations such as "Dialing Branch" and overcover funds, and the role of special debt -driven effective investment has been greatly reduced.

Second, affected by high temperature and epidemic, the progress of the special debt expenditure in some areas was affected. Third, the 600 billion infrastructure investment funds have been put in succession since late July. Bank support financing is also followed up. It has supported infrastructure investment. Essence

Since this year, the regulatory department has established a special bond expenditure progress notification system. In order to accurately grasp the actual expenditure of special bonds, 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 it for the entry of the financial departments to perform the funding information of the bond treasury. 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.

The reporter learned that the progress of the special debt expenditure focuses on special bonds for project construction, and excluding special bonds for small and medium -sized banks. The three indicators should be paid accordingly. One is the issuance of the issuance, 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.

According to previous requirements, the 3.45 trillion yuan special bonds issued this year will be basically issued before the end of June, and strive to use it basically before the end of August, that is, the expenditure progress at the end of August will reach 100%.

Some places did complete this requirement at the end of August. For example, Ya'an City, Sichuan Province disclosed that as of August 30, 2022, 91 projects and special bond funds of Ya'an City in 2022 have achieved full expenditure for 4.916 billion yuan in special bond funds. The task target of the Sichuan Provincial Department of Finance is the first of 21 cities (states) in Sichuan Province, which took the lead in reaching a city with a 100%progress of special bond funds in 2022.

According to data from a province in the south obtained by the reporter, as of August 31, the actual expenditure of the provincial special debt fund project unit was about 160 billion yuan, and the expenditure progress reached 97%. Among them, the expenditure progress of 5 prefectures has reached 100%, and the slowest and cities with the slowest progress have reached 90%. In other words, the province's expenditure progress has also been basically reached.

The progress of some places is still far from the end of August. Data from a province obtained by the reporter showed that as of the end of August, the province had allocated about 70 billion special debt funds, with a schedule of 99%; the actual expenditure of the project unit was more than 60 billion yuan, and the expenditure progress reached 88%. The province states that the addition of special bonds this year must be paid before the end of September, but it must allocate the project funds in accordance with the contract and the project price settlement procedure.

Longyan City, Fujian Province, disclosed that as of August 31, the city's overall expenditure of new local government bonds in 2022 reached 53.72%. Fund needs in key areas such as infrastructure, agricultural and forestry water conservancy, education, health, municipal and industrial park infrastructure.

The reporter also learned that the regulatory authorities also requested that the local government must "look back" to the use of special bond funds in 2022, and conduct self -examination of the compliance and authenticity of the special bond funds. Construction progress matches to accelerate the formation of more physical workloads.

As the expenditure of 3.45 trillion special debt is close to the end, the issuance of 500 billion special bonds of the revitalized stock limit will also begin. The State Association held on September 7 stated that infrastructure and other development are related to development and people's livelihood. The investment space is large, and the special debt must be used to make up for the shortcomings.

The meeting decided that more than 500 billion yuan of special bonds deposited in accordance with the law in accordance with the law, 70%of the special bonds, 70%of them were reserved, 30%of the central government's overall allocation was allocated and tilted to many areas with mature projects. All localities should be issued by the end of October to support projects under construction, and more physical workloads are formed during the year.

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