China-Singapore Jingwei client June 12th-The morning of the 12th, the State Council held a regular policy briefing. Regarding how to achieve direct funds to the grassroots level, Xu Hongcai, deputy minister of finance, stated that it is to establish a special transfer payment mechanism.

  At the meeting, a reporter asked: The scale of the fiscal deficit this year has increased by 1 trillion yuan compared to last year. At the same time, 1 trillion yuan of special anti-epidemic government bonds have been issued. All these 2 trillion yuan have to be transferred to local governments to establish special transfer payment mechanisms and funds. Directly reach the city and county grassroots level, directly benefit enterprises and people. My question is, what are the specific funds included in the central government's direct transfer to the grassroots through a special transfer payment mechanism? How to achieve direct funds?

  According to Xu Hongcai, according to the spirit of the "Government Work Report" and the executive meeting of the State Council, the focus of funds directly reaching the grass-roots level through the special transfer payment mechanism is to increase the fiscal deficit by 1 trillion and the anti-epidemic special national debt by 1 trillion, which adds up to a total of 2 trillion. Specifically, it includes four aspects: one is the inclusion of special transfer payments . We set up special transfer payments this year, mainly in response to the economic and financial impact of the epidemic this year; the second is the special anti-epidemic bonds included in government fund transfer payments . Anti-epidemic special treasury bonds are not included in the fiscal deficit, are included in the budget management of government funds, and are issued to local governments through transfer payments of government funds; third, they are included in the increment and stock of normal transfer payments . In addition to arranging special transfer payments and anti-epidemic special treasury bonds, the impact of the epidemic has led to a substantial decline in fiscal revenue, but there is no source of funding for fiscal expenditures that rely on the original fiscal revenue arrangement. The new fiscal deficit supplements this part of the funding source , Included in the scope of normal transfer payments. For the normal transfer payment, the new deficit arrangement is also included in the direct mechanism; the fourth is the increase in the local fiscal deficit . As everyone knows, 950 billion of the newly added deficit of 1 trillion is the central fiscal deficit, which is used to arrange special transfer payments or normal transfer payments. The local government also arranges a deficit of 50 billion, plus the central government’s 950 billion, so that it is fully included Into the direct transfer payment mechanism.

How to achieve direct funds? Xu Hongcai said that the establishment of a special transfer payment mechanism. This special transfer payment mechanism is based on the premise of keeping the current financial management system unchanged, the responsibility of the local guarantee main body unchanged, and the power of fund allocation unchanged, in accordance with the "central cut, provincial refinement, record approval, fast and direct "Principle, improve the relevant fund allocation procedures, compact local responsibilities, and establish a sound supervision and accountability mechanism. "Central cut" means that the central government allocates funds to the province according to relevant factors, that is, the funds in the 2 trillion yuan just mentioned. According to different classifications, the related factors are directly allocated to the province, and the accounts are calculated. The cut is divided into the province. . "Provincial level refinement" means that the provincial level should propose a distribution plan in accordance with the requirements of reaching the grassroots level. The provincial level itself cannot be retained, and all plans for distribution to cities and counties should be proposed to refine the distribution. "Recording consent" means that the provincial finance should submit the plan allocated to the grassroots level or directly to the grassroots level to the Ministry of Finance for recordal approval. We will look at the specific situation of detailed distribution. The filing agreement is not to manage more A county or more B county, not to interfere with the specific distribution, but to see whether the requirement of being a "passing god of wealth" has been implemented, whether the provincial level has intercepted it, and whether it has all reached the grassroots cities and counties. "Fast and direct" means that after the record is approved, the provincial department will release the funds to the grassroots within a limited time to play the role of the funds as soon as possible.

  Xu Hongcai pointed out that the above-mentioned treatment method is conducive to consolidating the main responsibility of the provincial government, strengthening the guarantee responsibility of the provincial government, and sinking more financial resources to the grassroots level. The municipal and county financial departments should coordinate the direct funds of the higher level and other funds. , Including its own financial resources, scientifically arranging fiscal expenditures, strengthening the attributes of public finances, taking people’s livelihood as a priority, and making every effort to ensure that all guarantees are made, so as to ensure that the newly added financial funds can play the “six guarantees”, especially to protect residents’ employment and security The important role of the basic people's livelihood and market protection. (Sino-Singapore Jingwei APP)