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    What Is The Purpose Of The NDRC'S Three Year Rolling Investment Plan?

    2015/12/27 11:04:00 62

    TreasuryStock RiskFinancial Policy

    The twelve session of the eighteenth session of the Standing Committee of the National People's Congress held a joint meeting to make a special inquiry on the State Council's report on the implementation of the central budget implementation in 2014 and other financial revenue and expenditure audit and rectification.

    Under the Commission of the State Council,

    Treasury Department

    The heads of the 7 departments should attend the meeting.

    It is worth noting that this is also the first time that the Standing Committee of the National People's Congress has made special inquiries about the rectification situation after the audit finds out the problem.

    Wu Xiaoling, a member of the first question, threw the question to Xu Shaoshi, director of the national development and Reform Commission.

    She wants to know, for the annual Central Committee.

    investment plan

    And the budget of the capital construction, the proportion of the detailed development of the NDRC in the budget submitted to the NPC for examination and approval, and how to further increase the proportion of the detailed project to the project at the beginning of the year, so as to reduce the phenomenon of "running the Department into the money".

    In response, Xu Shaoshi said that the proportion of investment in the central budget at the present level has been reduced to less than 75%.

    In order to ensure this proportion, in early November, the national development and Reform Commission set up a "major project library" on line.

    "We require this major project to be graded reserve, step by step, and step by step.

    At the same time, on the basis of major project repository, three year rolling investment plan should be worked out to form a continuous and rolling implementation of the reserve mechanism and a virtuous circle, so as to increase the proportion of annual budgetary investment to projects.

      

    audit

    The rectification report pointed out that the management of lotteries funds in some areas was not strict, and found that the amount of false report, acquisition, congestion and misappropriation amounted to 16 billion 932 million yuan, accounting for 26% of spot checks funds.

    The audit report on the rectification of problems has pointed out that government debt management needs to be further strengthened, and the debt pressure of some local governments is greater.

    Members of the Wang Mingwen Committee suggested that some local governments had irregularities in borrowing and borrowing in disguised form. They also made clear that they should intensify their efforts. "How can the Ministry of finance supervise and deal with this?"

    In response, Lou Jiwei, Minister of finance, responded, "how much debt is there? On the basis of the audit results in the first half of 2013, we conducted another self check and spot check in the whole country.

    Finally, the determination of the local government debt balance as at the end of last year was 15 trillion and 400 billion, and the local government debt limit in 2015 was 16 trillion.

    Lou Jiwei said that the debt rate below 100% of the warning line is generally controllable.

    In some high-risk areas, how to control it? Lou Jiwei said that he would need to replace the debts expired next year, and report it to the NPC for approval.

    "In addition, next year, the initial plan is to increase the deficit between the central and local governments.

    In principle, the proportion of replacement debt is high, that is to say, in the areas where the risk of stock is large, the scale of new debt is less, so do not make so many new debts.

    This gradually reduces risk.

    No financial debts shall be arranged for local irregularities to raise bond guarantees, and the punishment of dismissal and expulsion shall be given to the responsible personnel in accordance with the provisions of the budget law.


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