It is reported that this draft "Measures" proposes that the land transfer fee should be fully included in the local fiscal budget, and the "two lines of revenue and expenditure" should be implemented, and it should be supervised by the local people's congress. In particular, it was previously stipulated that 15% of the value-added income from land transfer fees must be used for agricultural land reclamation and land consolidation and development, so it was raised to 15% of the total land transfer fees.
In addition, in order to regulate the income and expenditure of land transfer fees of local governments, the Measures also propose to set up a "special account for paid use of state-owned land" in the national treasury, and set up a "state-owned land income fund" according to a certain proportion of land transfer fees, and stipulate that local governments may not use it as a current income arrangement.
Green, director of marketing and operation of Jia Kai, pointed out that the new land benefit distribution mechanism is not only to weaken the long-standing "impulse" of local governments to sell land, but more importantly, to better solve the use problem of land income by bringing it into the strict supervision of the national financial system, so as to truly "take it from the people and use it for the people".
Commentators from the R&D Center of Yiju (China) also said that the contents of the Measures involve the establishment and distribution system of special accounts for land transfer fees. The land transfer fees that have been "extracorporeal circulation" in the budget for many years have also returned to standardized management, and the income and expenditure have been separated and earmarked, which also ensures in principle that the land transfer fees are no longer small coffers operated by local governments.
"The national policy has a certain background. After tightening the land' gate', strengthening the supervision of land funds has become an important step. The management method of land transfer revenue and expenditure reflects the purpose of the state to promote the coordinated development of cities through' feeding back' rural areas and housing security. " Bobby Chen, vice president of East China Institute of China Index Research Institute, thinks.
However, some experts pointed out that it is not easy to achieve the above goals without a good legal system, strict management system and law enforcement agencies. It remains to be seen whether the new land transfer fee management system can weaken the impulse of local governments to approve land and eliminate collusion between some local officials and real estate developers.