Chinanews.com, October 21. Wang Kebing, the first-level inspector of the Budget Department of the Ministry of Finance, said on the 21st that in 2020, the National People’s Congress will approve an additional local government bond quota of 4.73 trillion yuan, of which 980 billion yuan for general bonds and 3.75 billion for special bonds. Trillion yuan.
As of September 30, 939.3 billion yuan of general bonds had been issued.
Regarding the use of special bond issuance, Wang Kebing introduced that this year’s special bond quota was 3.75 trillion yuan. With the approval of the State Council, 3.55 trillion yuan had been issued in advance in advance, and the remaining 200 billion yuan was used to support the pre-allocation of small and medium-sized banks. .
Wang Kebing said that from January to September, the use of special bond issuances across the country was generally good, in line with policy expectations.
First, the issuance progress is fast and the scale is large.
As of September 30, 3,365.2 billion yuan (not including refinancing) of special bonds were issued (newly added) across the country, accounting for 95% of the issued quota; the scale of issuance increased by 1.2355 billion yuan year-on-year, an increase of 58%; funds of special bonds issued 2.8 trillion yuan has been spent, accounting for 83% of the issuance scale.
The second is to focus on key areas determined by the Party Central Committee and the State Council.
It is mainly used in the seven fields of transportation infrastructure, energy, agriculture, forestry and water conservancy, ecological and environmental protection, people's livelihood services, cold chain logistics facilities, municipal and industrial park infrastructure determined by the State Council, and actively supports the "two new and one heavy" and the construction of public health facilities Eligible items in the.
It is used for transportation, municipal and industrial park infrastructure, as well as vocational education and childcare, medical care, elderly care and other livelihood services, accounting for about 80%; for ecological environmental protection, agriculture, forestry and water conservancy, energy, cold chain logistics and other fields accounted for about 20%.
The third is to promote the construction of a number of major national projects.
In accordance with the principle of "funds follow the project" and other principles, urge all localities to make the preliminary work of projects using special bond funds the most important link to deepen, be detailed, solid, and do a good job, and a batch of them will not only promote consumption and benefit the people's livelihood, but also adjust the structure. The "two new and one heavy" construction and public health facilities construction projects to increase the stamina have been solidly advanced.
At the same time, it focuses on the coordinated development of Beijing-Tianjin-Hebei, the construction of the "One Belt and One Road", the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area and the Hainan Free Trade Port and other major national regional development strategies.
The fourth is to use capital for major projects to play a leading role. In accordance with the decisions and deployment of the Party Central Committee and the State Council, the scope of special bonds as eligible major project capital should be reasonably expanded, and the proportion of special bonds used as project capital in various regions has been increased from 20% to 25%. Nearly 300 billion yuan of special bonds have been used in railways, rail transit, agriculture, forestry and water conservancy, ecological and environmental protection and other fields to meet the requirements of major project capital, to play the leading role of "four or two allocations".