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Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

author:Poster News

In the fourth quarter of this year, the central government issued an additional 1 trillion yuan of treasury bonds, which will be used to support post-disaster recovery and reconstruction and improve disaster prevention and mitigation capabilities. The reporter learned from the Ministry of Finance that at present, the first batch of treasury bond funds budget of 237.9 billion yuan has been issued.

237.9 billion yuan The first batch of additional treasury bond issuance funds has been issued

CCTV reporter Wang Nan: The 237.9 billion yuan is mainly divided into three parts, post-disaster recovery and reconstruction, high-standard farmland construction and meteorological infrastructure projects.

107.5 billion yuan will be used to support post-disaster recovery and reconstruction and improve disaster prevention and mitigation capabilities, involving 1,508 projects in 12 provinces and cities including Beijing, Tianjin and Hebei. Calculated down, an average project can get more than 70 million yuan. On the one hand, the money is used to help the people in the affected areas rebuild their homes and support the post-disaster recovery and reconstruction of schools, hospitals, transportation, water conservancy and other infrastructure. On the other hand, it is used for reservoir risk removal and reinforcement, river treatment and other projects to help local governments better cope with extreme weather.

The second fund, 125.4 billion yuan, was used to subsidize the construction of high-standard farmland in the northeast region and the disaster-stricken areas of Beijing-Tianjin-Hebei, and supported 1,336 counties across the country to build, renovate and upgrade high-standard farmland and restore a total of 54 million mu of disaster-damaged farmland.

In addition to these two pieces, the remaining 5 billion yuan has supported the construction of 45 meteorological infrastructure projects to further improve meteorological monitoring capabilities. Are all these projects being financed by state money? Not really.

Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

Luo Zhiheng, President of the Guangdong Securities Research Institute and Executive Director of the China Taxation Society: In the past, the central financial funds mainly played the role of "four or two thousand pounds", which should drive local investment. However, this time, in order to alleviate the pressure on local financial support, the additional treasury bond funds have increased the subsidy standard or subsidy ratio to the local governments at one time, and have increased the inclined support for the northeast region and the disaster-stricken areas in Beijing, Tianjin and Hebei.

The provincial financial departments should decompose and issue the funds within 7 days

When will the money be available? In fact, the state treasury has already prepared sufficient funds, and as long as the project list is confirmed, the capital budget can be arranged and issued at any time, and the two will be carried out simultaneously and seamlessly. Of course, from the national treasury to specific local projects, it is not said that "it is desirable to wait for them".

Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

From the perspective of time, the Ministry of Finance requires the provincial financial departments to consult with the relevant local departments within seven days after receiving the project budget issued by the central government.

For example, in the allocation and use of funds for post-disaster recovery and reconstruction projects, the central government directly transfers funds to provincial finances, then to cities, counties and districts, and finally directly to the project. In a very short time, the money will be available. In short, with the efficient cooperation of various departments, funds can enter the construction link in a timely manner.

Three-hand preparation to ensure the safe and transparent use of massive funds

Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

Wang Jianfan, Director of the Budget Department of the Ministry of Finance: Everyone feels that they are more motivated to work overtime for this work. Because this is what the people look forward to, and this is what we must strive to practice.

In order to ensure the safety of massive funds, the Ministry of Finance has made "three-handed preparations". First of all, it is necessary to formulate management measures to clarify the specific requirements for the use of treasury bond funds, the allocation of funds, and the issuance of budgets. At the same time, the list items should be imported into the integrated budget management system to achieve penetrating supervision. Third, the Ministry of Finance has formulated and issued a plan for the supervision of the additional issuance of treasury bonds, and has regarded the supervision of the additional issuance of treasury bonds as an important task of financial and accounting supervision. Conduct such as making false claims and fraudulently obtaining financial funds, engaging in the construction of buildings, halls, and halls, image projects, and government performance projects in violation of regulations, as well as the addition of hidden debts of local governments, shall be strictly investigated and punished.

Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

Wang Jianfan, Director of the Budget Department of the Ministry of Finance: It seems that the amount of money is a lot, but there are also many places in the country that need money, and the demand will always be greater than the money we actually supply. In the selection of projects, the allocation of funds, and the use of funds, we will break down and supervise every link.

Where will the first batch of funds of the 1 trillion national bonds be used? How to use them?

Luo Zhiheng, President of Yuekai Securities Research Institute and Executive Director of China Taxation Society: Financial funds are taken from the people and used by the people, and they must be spent to achieve results and efficiency, and truly use financial funds to make up for shortcomings, strengths and weaknesses, and projects that benefit people's livelihood, which is the due meaning of improving financial quality and efficiency. This relies on strict monitoring of the disbursement and use of funds. In terms of disbursement, the inclusion of these funds in the direct mechanism can ensure that the whole process of funds is monitored, and problems in the efficiency of the use of funds can be discovered in a timely manner; in the process of use, we can give full play to normalized supervision and control to ensure that financial funds are used according to the prescribed purposes, avoid misappropriation of treasury bond funds, and other violations of laws and regulations, and effectively improve the efficiency of the use of financial funds. (CCTV News Client)