The principal of the special debt is repaid through the corresponding government fund income, special income and the issuance of special bonds. Interest on special debts shall be repaid through the corresponding government fund income and special income, and shall not be repaid through the issuance of special bonds. The special debt revenue should be reflected in the budget revenue bus of government funds, the provincial level should be included in the corresponding government fund debt revenue account under the "special debt revenue", and the city and county level should be included in the corresponding government fund debt lending revenue account under the "local government special debt lending revenue".
Legal basis: Measures for the Administration of Special Debt Budgets of Local Governments
Article 1 These Measures are formulated in accordance with the Budget Law of the People's Republic of China, the State Council's Opinions on Strengthening the Management of Local Government Debt (Guo Fa [2065] No.438+04) and other relevant provisions in order to standardize the budget management of special debts of local governments.
Article 2 The term "special debts of local governments" as mentioned in these Measures includes special bonds of local governments (hereinafter referred to as special bonds) and special debts in the form of non-local government bonds (hereinafter referred to as special debts in the form of non-bonds) as of February 3, 2004.
Article 3 The revenue from special debts, arranged expenditures, debt service and issuance expenses shall be included in the budget management of government funds.
Article 4 The income from special debts shall be raised by issuing special bonds.
The governments of provinces, autonomous regions and municipalities directly under the Central Government are the main issuers of special bonds, and the provincial financial departments are responsible for the specific issuance. If it is really necessary for the governments of cities, autonomous prefectures, counties, autonomous counties, cities not divided into districts and municipal districts (hereinafter referred to as the municipal and county governments) to issue special bonds, they should be included in the budget management of government funds of provinces, autonomous regions and municipalities directly under the Central Government, which will issue them uniformly and make loans to the municipal and county governments. With the approval of the provincial government, the municipal government under separate state planning can issue special bonds on its own.
Fifth special debt income should be used for public welfare capital expenditure, not for recurrent expenditure.
Seventh special debt revenue and expenditure should be in accordance with the corresponding government fund income, special income to achieve project balance, different government fund subjects may not be adjusted. If the income of the government fund corresponding to the special debt in execution is insufficient to repay the principal and interest, it can be transferred from the corresponding public welfare project unit to make up for it.