news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

[Li Yongxin, deputy director of the Hebei Provincial Audit Office, recently introduced at a local audit report press conference that the local government has promoted the immediate rectification of problems after review and rectification. The rectification rate of audit issues for the follow-up of funds for additional treasury bond projects reached 85.6%, which promoted the allocation of funds, promoted the timely start or completion of projects, and established and improved 31 systems. At present, the audit of funds for additional treasury bond projects in the province is still being promoted.]

The benefits of issuing an additional 1 trillion yuan in treasury bonds are beginning to show, but the problems in some projects revealed by audits are worthy of attention.

Recently, some provinces have made public the audit work report on the implementation of local budgets and other fiscal revenues and expenditures in 2023 (hereinafter referred to as the "audit report"), which involves problems that occurred when some places used the 1 trillion yuan of national bonds issued at the end of last year, such as slow progress of projects or even non-start of projects, resulting in idle funds.

Luo Zhiheng, chief economist of Guangdong Securities, told China Business News that the early preparations for the issuance of additional treasury bonds should be strengthened, the funding mechanism should be optimized, project management assessment should be strengthened, and project performance management should be improved. In the future, those who use the funds from the issuance of additional treasury bonds in violation of regulations should be held accountable, and the use of funds from the issuance of additional treasury bonds and the progress of the projects should be announced in a timely manner to accept social supervision.

Some projects are progressing slowly and funds are idle

In order to make good use of this fund for post-disaster recovery and reconstruction and to enhance disaster prevention, relief and mitigation capabilities, local auditors closely monitor the use and management of this fund.

According to the Shandong audit report, the local government did not strictly manage the additional treasury bond funds, and some project funds were not allocated and used. As of the end of March 2024, the province had received a total of 31.316 billion yuan in additional treasury bond funds for 2023, involving 304 projects. Among them, 10 projects in 9 counties did not start on schedule, and 767 million yuan of treasury bond funds were stranded in the financial department and 73 million yuan in the project units.