Government special bonds are bonds issued to raise special funds for construction.

Government special bonds are a type of national debt. National bonds are bonds issued by the state. They are guaranteed by the credibility of the country and have very little risk. Although their returns are smaller than those of stocks and futures, their risks are

But it is the smallest.

In our country, in addition to treasury bonds and local government bonds, investors usually need to pay individual taxes on their expected interest income.

According to the "Interim Measures for the Administration of Local Government Special Bond Issuance", government special bonds are also exempt from corporate income tax and personal income tax.

The issuance cost of special government bonds is relatively low, the funds are earmarked, and the operation is relatively standardized and transparent.

Legal basis Legal basis: Article 1 of the "Measures for the Fund Performance Management of Local Government Special Bond Projects" is to strengthen the fund performance management of local government special bond projects, improve the efficiency of the use of special bond funds, and effectively prevent government debt risks. According to the "People's Republic of China

"The Budget Law of the People's Republic of China", "Regulations on the Implementation of the Budget Law of the People's Republic of China", "Opinions of the Central Committee of the Communist Party of China and the State Council on the Comprehensive Implementation of Budget Performance Management", "Opinions of the State Council on Further Deepening the Reform of the Budget Management System",

The "Project Expenditure Performance Evaluation Management Measures" and other laws, regulations and relevant provisions are formulated to formulate these measures.

Article 2 The term “local government special bonds” (hereinafter referred to as “special bonds”) as mentioned in these Measures refers to the issuance by the provincial government for public welfare projects with a certain amount of income, and the government fund income or special income corresponding to the public welfare projects is used as the principal and interest payment.

Government bonds as sources of funds include new special bonds and refinancing special bonds.