economic daily: make good use of the “two new” support funds
2024-10-04
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promoting large-scale equipment updates and replacing old consumer goods with new ones is an important measure to accelerate the construction of a new development pattern and promote high-quality development. the latest news shows that 300 billion yuan of ultra-long-term special government bond funds to support the "two new" work have been fully released. how to make good use of funds and better achieve policy effects has become the key point in advancing the "two new" work in the next step.
to implement various measures of the "two new" work, we must give full play to the decisive role of the market in resource allocation and rely on the market to provide diversified supplies and services. at the same time, we must better play the role of the government and increase fiscal, taxation, financial and other policy support. in particular, we should strengthen the guarantee of financial funds and play an incentive and guidance role. because of this, the state has made overall arrangements for about 300 billion yuan in ultra-long-term special government bond funds to increase support for the "two new" tasks.
with the full release of funds, intensified measures to support large-scale equipment updates and the trade-in of consumer goods have been fully launched, which has effectively stimulated investment growth and released consumption potential. business entities and consumers have a clear sense of gain, which benefits both enterprises and the people. it is beneficial now and in the long run.
the “two new projects” involve large capital investments and involve many fields. among them, equipment updating includes industry, environmental infrastructure, transportation, logistics, education, cultural tourism, medical care, energy and electricity, old elevators, etc. the specific work is relatively complex. effectively making good use of funds and improving the efficiency of fund use are related to whether the expected policy goals can be truly realized.
the timeliness of capital investment must be emphasized. 300 billion yuan of funds have been fully distributed to local governments. all localities should allocate funds in a timely manner according to the project implementation progress to ensure the orderly implementation of relevant projects. according to regulations, funds are shared by the central and local governments in accordance with the overall 9:1 principle to strengthen central and local linkage. all localities must actively arrange supporting funds to ensure that the local burden is fully implemented. in addition, multiple measures have been taken to optimize the service process, smooth the "last mile" of policy implementation, and promote direct access to policies for quick enjoyment.
the use of funds must be strictly supervised. fiscal funds cannot become "tang monk meat" and must be used to support the "two new" tasks. all localities should strengthen fund supervision, standardize the use of funds, and ensure the safety of funds. in particular, they must strictly follow the "negative list" requirements for the use of funds. they must not be used to balance the budget, repay government debts, or clean up arrears of corporate accounts, "three guarantees" expenditures, etc., to prevent funds from being used. seizing and misappropriating funds to ensure that the investment direction complies with policy requirements.
strengthen policy coordination and departmental cooperation. enterprises have a large demand for funds when updating equipment. in addition to financial support, financial credit is also an important funding channel. it is necessary to provide more convenience and increase support for enterprises, especially small and medium-sized enterprises, in equipment update financing. the people's bank of china, together with relevant departments, has created re-lending for technological innovation and technological transformation, and guided financial institutions to support equipment renewal and technological transformation. at the same time, the central government has allocated 20 billion yuan in interest discount funds for equipment renewal loans. the introduction of a series of policies will help increase enterprises' enthusiasm for equipment upgrades.
the meeting of the political bureau of the cpc central committee called for effective implementation of existing policies and the launch of incremental policies to further improve the pertinence and effectiveness of policy measures. at present, further making full use of the additional support for various policies such as the "two new" policies and ultra-long-term special treasury bonds and other funds, and giving full play to policy dividends will more effectively promote the continued recovery of the economy.
source: economic daily client
