The General Office of the State Council issued the 'Opinions on Optimizing and Improving the Management Mechanism of Local Government Special Bonds,' which mentions accelerating the issuance of special Bonds. Each region should promptly report to the local people's congress standing committee to carry out the budget adjustment procedure after the special Bonds quota is issued, arrange the issuance time in advance, timely improve the issuance plan, make good multi-year budget arrangements, strengthen the organic connection of existing special Bonds and already arranged projects with newly issued Bonds and new projects, coordinate the rhythm and progress of special Bonds issuance to achieve early issuance and early use. Based on the actual project situation, it is necessary to comprehensively consider factors such as the project construction operation cycle, the distribution of maturing Bonds by year, and scientifically determine the issuance period to balance the debt scale maturing each year. Special Bonds are allowed to be used for in-progress government investment projects, prioritizing the financial needs of ongoing projects to prevent 'half-finished' projects. Accelerate the use of special Bonds funds and the progress of project construction. Provincial financial departments should establish a regular scheduling mechanism, strengthen collaboration with local development and reform departments and project management departments, hold layers of responsibility, urge municipal and county financial departments to promptly allocate funds from issued special Bonds, and urge project management departments and project units to expedite fund utilization. Provincial development and reform departments should work with relevant parties to enhance online monitoring, scheduling, urging, and on-site inspections, ensure the supply of necessary elements by level and category, and promote the accelerated commencement of projects to quickly achieve physical work volume.
国办:加快专项债券发行进度,加快专项债券资金使用和项目建设进度
The State Council: Accelerate the issuance of special Bonds, and expedite the use of special Bonds funds and the progress of project construction.
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