Designated use. The purpose of raising funds from ordinary treasury bonds is mainly to make up the fiscal deficit and supplement the national financial funds; Special national debt serves a specific purpose in a special period and belongs to emergency measures.
(2) Flexible use of funds. There is no uniform and clear regulation on the use of special treasury bonds, but special arrangements are made for specific projects according to the policies at the time of issuance.
(3) Not included in the fiscal deficit. National debt is included in the general public budget and included in the government fiscal deficit; Special treasury bonds are included in the government fund budget, not included in the fiscal deficit.
(4) Pay as you go. Different from ordinary treasury bonds, there is a certain time interval between financing time and expenditure, and the income and expenditure of special treasury bonds are carried out at the same time.