Manage and use the special debt to stabilize the economy strictly to prevent funds from being idle and misappropriated

Our reporter Bao Xingan

Oriental Fortune CHOICE data statistics show that as of July 17, there have been 3.43 trillion yuan of new special bonds in various places this year, of which 3.41 trillion yuan of new special bonds was issued in the first half of the year. The new special bonds used in project construction in 2022 were basically issued, which was greatly advanced from previous year. How to manage and make good use of this bond funds in the next step is the key.

In order to cope with the downward pressure and epidemic conditions, from 2020 to 2022, the amount of new special bonds was 3.75 trillion yuan, 3.65 trillion yuan, and 3.65 trillion yuan, which continued to maintain a high scale. However, according to the public information of the audit departments in various places in recent years, there are problems such as idle and misappropriation of special debt funds every year, which has caused the effect of stable investment. Recently, the audit departments have announced that the audit report shows that there are still problems of special debt funds and illegal use.

Zhang Yiqun, deputy chairman of the Performance Management Committee of the Chinese Finance Society, told the Securities Daily that the special debt funds were mainly affected by the project. First, the preliminary preparation work of the project is inadequate, resulting in the problem of project adjustment during the implementation, causing bond funds to be idle; second, the special debt projects are affected by non -project factors such as the epidemic, climate, and policies. In order to alleviate the pressure of fiscal funds, the local government intends to control the progress of bond expenditure in order to alleviate the pressure of fiscal funds.

Specifically, recently, the Zaozhuang City Audit Bureau disclosed the use of special bonds in 2022, and found that the project was slow and the construction procedures were not complete. The seven projects of the "Seven Network Construction" in the 2022 "Seven Network Construction" of Municipal and Zaozhuang High -tech Zone, of which 4 projects have been promoted slowly and the construction procedures for 4 projects are incomplete.

The Guiyang Audit Bureau disclosed the audit of new special bond funds in 2021, and the problems found include misappropriation of special bond funds; some projects have been promoted slowly, special bond funds are idle; some projects have not strictly fulfilled the basic construction procedures; Essence For example, 6 special bond projects in 4 areas including Guiyang City Health and Health Bureau and Xixian County have not started on schedule, completed, and did not complete the project progress according to performance targets, resulting in an idle funds, involving a amount of 87.3.07 million yuan.

Bai Yanfeng, dean of the School of Finance and Taxation of the Central University of Finance and Economics, said in an interview with the "Securities Daily" reporter that the scale of special debt funds is usually performed by the higher -level government according to the quota determined by the people's congress at all levels. However, the specific implementation of the project should be promoted and implemented by the local financial department, so that it may occur in the situation that the project capital scale distribution and local actual needs are not matched. For example, under the background of relatively large economic downlink pressure, the scale of special bonds determined by superiors may be expanded, but there are insufficient reserves in local bond projects and do not have the construction conditions.

"In addition, the concept of financial discipline in individual localities is not strong. In the context of local financial difficulties, it may be" dismantling the east wall to make up the west wall ', and even some places think that the misappropriation of special debt funds for public welfare is not illegal. "Bai Yanfeng said Essence

In fact, in order to avoid the issue of special debt issuance, the problem of idleness caused by funds, the Ministry of Finance has adopted a number of policies and measures in recent years. For example, strictly check the project review, strictly implement the requirements of the negative list of special bonds; comprehensively promote the penetrating monitoring of special bond projects, timely grasp the use of special bond funds, project construction progress, operation management, etc., and implement the expenditure progress notification system. Responsibilities are compacted to prevent bond funds from idle.

Bai Yanfeng said that during the measurement and distribution of the scale of special debt, governments at all levels need to strengthen coordination and communication and strengthen supply and demand adaptation. At the same time, local governments should enhance the enthusiasm and initiative of promoting economic development, planning early, and seeking far -reaching, instead of abandoning the opportunity of long -term economic development because of the difficulty.

Bai Yanfeng suggested that we must further strengthen financial discipline and make the special bonds truly "special funds", which is responsible for the superior government, investors and taxpayers. The special debt funds cannot be regarded as "Tang Seng meat" and misappropriated them. If necessary, you should also be held accountable for the responsible person.

Zhang Yiqun said that it is necessary to make full preparations for the bond project to ensure the authenticity and feasibility of the project, and to match bond funds and projects; In strict accordance with the prescribed procedures, it is necessary to review and approve the science of the project to avoid idleness and loss of funds.

"It is also necessary to speed up the progress of bond project funds, realize the simultaneous use of project construction and funds, and accelerate the transformation of bond funds to physical quantities. Strict project construction review, serious financial discipline, strictly investigate the problem of misappropriation of bond funds, form a high -pressure situation of bond funds policies, , Ensure that special bond funds are dedicated to special funds, "Zhang Yiqun said.

(Edit He Fan Bai Baoyu)

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