China News Service, January 28. On January 28, the Ministry of Finance held an online press conference on fiscal revenue and expenditure in 2020.

At the meeting, the Ministry of Finance stated that in 2020, the National People's Congress approved the arrangement of new special bond quotas of 3.75 trillion yuan. After approval by the State Council, the central treasury has issued all provinces (autonomous regions and municipalities) in batches.

  The Ministry of Finance mentioned that in addition to supporting small and medium-sized banks to resolve risks, local government special bonds are used for transportation, municipal and industrial park infrastructure, as well as vocational education and childcare, medical care, and pension services, which account for about 80% of them. It accounts for about 20% in the fields of ecological and environmental protection, agriculture, forestry, water conservancy, energy, and cold chain logistics.

In general, the use of special bond issuance in 2020 is good and in line with policy expectations. It has effectively played the positive role of local government bonds in hedging the impact of the epidemic, expanding effective investment, and promoting the stable operation of the macro economy.

  The Ministry of Finance pointed out that in the next step, it will further consolidate the management system, strengthen the management of special bonds, improve the performance of government bond funds, and make use of special bonds to accelerate the construction of major projects, do a good job in "six stability", and implement the "six guarantees" task. effect.

  One is to issue work guidelines in a timely manner.

Clarify the procedures, scope, time limit, and information disclosure requirements for the adjustment of the use of special bonds, and guide local governments to carry out relevant work well, and form physical workloads as soon as possible.

  The second is to continue to strengthen supervision.

Improve information-based supervision methods, implement "one-stop-through-through" monitoring of special bond management, timely grasp information on the use of project funds and construction progress, and urge local governments to regulate the use of bond funds.

  The third is to strengthen information disclosure.

Give full play to the role of the national unified local government debt information disclosure platform, urge local governments to disclose bond information, project construction progress, and capital use progress, and use information disclosure to strengthen external constraints.

  The fourth is to make preparations for special bond projects.

Guide local governments to prepare for high-quality special bond projects in 2021, adhere to negative list management, and ensure project compliance; adhere to the formation of effective investment to ensure the formation of physical workload; adhere to the prevention of debt risks to ensure that there are no risks in statutory bonds.