1. cities and counties need to issue bonds, and issue special bonds in the name of the provincial people's government, and then the provincial government will lend them to cities and counties

2. local government bonds are divided into general bonds and special bonds. Public welfare projects that have no income issue general bonds, which are repaid by the general public budget income. Public welfare projects with a certain income issue special bonds, and the government fund income or special income generated by the project itself will be used to repay local government special bonds (1)-Background and classification

A single special bond should be repaid by a single government fund or special income. A single special bond can be issued corresponding to a single project, or it can be issued corresponding to multiple projects.

For example, if an industrial park is to build a logistics park, there will be a lot of rental income in the future. In addition, in order to ensure the traffic of the logistics park, roads should be repaired around, but the roads will not generate income. Therefore, this logistics park and highway can be packaged into one project, called industrial park infrastructure project.

it should be noted that this packaging combination must be similar projects, for example, several shed reform projects can be packaged together and several toll road projects can be packaged together. You can't package shed reform and toll road projects.

basic introduction to local government special debt

although the issuer of special debt is the provincial people's government, the final money is used by various projects in cities and counties, and the final money used to pay off debts is also the special income generated by various projects in cities and counties. Naturally, it is the cities and counties that use money, and it is also the cities and counties that repay the principal and interest.

in practice, every time the interest is repaid, the provincial finance department will inform the cities and counties to pay the interest, and then the provincial finance department will pay the interest to the investors in the name of the provincial government.

Basic Introduction to Local Government Special Debt Part II

1. It must be a "public welfare project" with a certain income

2. "Public welfare project" refers to a "government investment project" that serves the interests of the public, is not for profit, and cannot or should not be operated in a market-oriented way.

3. If the government invests in a project in the form of financial funds, We will support major strategies such as the construction of the Belt and Road, the coordinated development of Beijing-Tianjin-Hebei, the development of the Yangtze River Economic Belt, and the construction of Guangdong-Hong Kong-Macao Greater Bay Area. Focusing on fighting the tough battle of precision poverty alleviation and pollution prevention, we will make efforts to fill the shortcomings in the fields of railways, highways, water transport, airports, water conservancy, energy, agriculture and rural areas, ecological protection, public services, urban and rural infrastructure, and shantytown renovation, and accelerate the major projects that have been included in the plan.

Almost all infrastructure areas are shortcomings of our country.

Implicit government debt refers to the debt that the government directly borrows or promises to repay with financial funds and illegally provide guarantees beyond the statutory government debt limit.

How to quickly determine the implicit debt

The parking lot project should be 15%.

Learn more about the project capital.