The first batch of pilot areas include seven provinces (cities) including Beijing, Tianjin, Hebei, Henan, Shandong, Zhejiang (including Ningbo) and Xiamen, and the pilot scope will be gradually expanded in the future as appropriate. Pilot areas can choose their own cities and counties (districts) to carry out pilot projects. Provinces in the allocation of special debt limits, can be appropriately tilted to the pilot cities and counties (districts).
In addition, according to the balance of income and expenditure of land reserve projects, the land reserve institutions put forward suggestions on fund arrangement by classification. Among them, the issuance scale of special bonds shall not exceed 70% of the expected land transfer income of the project.
▲ The issuance of the first batch of pilot areas and special bonds for land reserve Source: The reporter collated the drawings of Zou Li.
Shaoxing explored relevant institutional reforms.
The document pointed out that in order to standardize the budget management of land reserve projects, improve the management and control mechanism of land reserve special bond projects, effectively prevent and control special debt risks, and promote the sustained and healthy development of local economy, life-cycle budget management was piloted in the field of land reserve.
According to the management measures, the land reserve project refers to the basic management unit formed by the relevant competent departments according to the national economic and social development planning and land spatial planning, and appropriately divides the land to be stored or put into storage according to the parcel, region, work order and fund balance, and incorporates it into the three-year rolling land reserve plan and the annual land reserve plan. Land reserve projects can include one plot or multiple plots; Including multiple parcels, it should meet the requirements of regional proximity and overall promotion.
The reporter noted that on 20 18, Shaoxing City, Zhejiang Province launched a pilot reform of the budget management system for land reserve transfer to explore the management path of special bonds for life cycle management.
According to the relevant person in charge of the Zhejiang Provincial Department of Finance, the pilot work includes the preparation of the life cycle budget of the land reserve project, which dynamically reflects the life cycle and annual capital income and expenditure of all the land purchased and stored, and realizes the dynamic balance of the whole life cycle. Prepare the budget and final accounts of land reserve, reflect the annual budget and final accounts of land reserve, and realize the annual budget balance of land reserve. Prepare the management budget of land reserve bonds, reflect the arrangement and use of land reserve bonds, and realize the budget balance of borrowing, using and returning. Prepare the budget and final accounts of land transfer revenue and expenditure, reflect the annual budget and final accounts of land transfer revenue and expenditure, and realize the balance of land transfer revenue and expenditure and carry-over budget.
According to the implementation plan of Shaoxing land reserve transfer budget management pilot project, the implementation of full-cycle budget management requires comprehensive standardization of land reserve and transfer management, establishment of land reserve project library and implementation of project life cycle management. The assets, funds, debts, benefits and costs involved in land reserve and transfer are all included in the "one plate" for budget management. Establish a land reserve supervision account, and the income and expenditure will be included in "a cage". Special debt repayment shall be managed in "everything", and funds must be included in the budget of government funds to ensure priority repayment.
According to the statistics of the special research and evaluation office of government debt of the Ministry of Finance, the special debt of land reserve in February this year was 79.693 billion yuan, in March it was 105950 billion yuan, in April it was10/9.49 million yuan, and in May it was 201060 million yuan. In the first five months of this year, a total of about 265438+ was issued.
Propose funding arrangements by category.
The management measures require that the expected land transfer income and land reserve cost of the project be reasonably evaluated as the basis for the preparation of the project balance plan.
In terms of income, the land reserve institution, together with the financial department at the same level, entrusts a third-party evaluation institution to evaluate the value of land assets according to the planning conditions such as land location and use and the benchmark land price, and reasonably calculate the expected land transfer income.
In terms of land reserve cost, the land reserve institution shall reasonably calculate the land reserve cost according to the local compensation standards for land acquisition and demolition and the engineering construction standards involved in land pre-development.
According to the balance of payments of land reserve projects, the land reserve institutions put forward suggestions on fund arrangement. Among them, the issuance scale of special bonds shall not exceed 70% of the expected land transfer income of the project.
For projects where the expected land transfer income is greater than or equal to the land reserve cost, which can make ends meet or make ends meet, special bonds can be issued for financing according to regulations, and the scale of bond issuance shall not exceed the land reserve cost; It is expected that the income from land transfer will be less than the cost of land reserve, and the project of "making ends meet" will be guaranteed by making overall arrangements for financial funds and special bonds. Among them, the scale of bond issuance shall not exceed the expected land transfer income; For projects without expected land transfer income, if it is really necessary to implement them, arrange financial funds to guarantee them.
A financial expert told the National Business Daily that the value of state-owned land is relatively high and the price is constantly fluctuating. If bonds are issued during the period of high land price, the land price may drop when the principal and interest are repaid, which will bring some risk of debt. Establishing a dynamic risk monitoring mechanism for land reserve projects, specifically arranging the scale of bond issuance and managing the whole life cycle budget are conducive to monitoring the cash flow of land reserve and controlling risks.
1. A school with a master's degree in financial management.
There are not many universities that recruit graduate students majoring in financial management, follow