National Development and Reform Commission, said on the 5th that funds and elements should follow the project and the project should follow the plan, so as to implement the national debt funds to eligible projects as soon as possible.
The central government will issue 1 trillion yuan of 2023 treasury bonds in the fourth quarter of this year. On November 5, the National Development and Reform Commission held a mobilization and deployment meeting to arrange and start the work of issuing additional treasury bonds to support post-disaster recovery and reconstruction and enhance disaster prevention, mitigation and relief capabilities.
Cong Liang said at the meeting that the issuance of additional treasury bonds is of special significance under the current situation, which is conducive to speeding up post-disaster recovery and reconstruction in key areas of China, enhancing disaster prevention, mitigation and relief capabilities, alleviating local expenditure pressure and supporting local project construction.
"In order to effectively improve the accuracy and effectiveness of investment, all the additional treasury bond funds are arranged and managed according to the project." Cong Liang said: First, the national debt funds should be arranged according to the conditions of the projects, and the key factors such as land use and environmental impact assessment should strengthen the guarantee for the projects that meet the conditions; second, priority should be given to supporting the key projects clearly defined in the national and local plans, and for the areas without special plans, the implementation plan should be formulated without delay, and the specific scope of support, construction tasks, and arrangement standards should be clearly defined, so as to ensure that the project arrangement is scientific and reasonable.
Cong Liang said that the next step should focus on four aspects: doing a good job in project declaration, strictly strengthening project audit, timely issuing project lists and funds, and effectively strengthening factor guarantee. Zhu Zhongming, Vice Minister of
Finance, said that in order to better ensure the efficiency of the use of national debt funds, the Ministry of Finance will base itself on its financial functions, actively do this work well, cooperate with the project declaration, timely issue budgets and allocate funds, Co ordinate the implementation of local funds, and strengthen the supervision of national debt funds. Luo Guosan, Director of the Fixed Assets Investment Department of
the National Development and Reform Commission, said that in principle, the project of issuing additional treasury bonds should be a key project in the "14th Five-Year Plan", a key special plan and regional plan approved by the State Council and relevant departments of the State Council, or a key project in provincial planning and related implementation plans. "The project should be fully studied and demonstrated, have a certain basis for preliminary work, and strictly implement the construction funds of various channels to ensure the complete closure of the fund platter." He said.
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