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Where does the money go? How to manage and use well? -- Front-line investigation of direct funds from the central finance

Two trillion yuan of additional central government funds will go directly to cities and counties and benefit enterprises and the people. This is an important part of our efforts to ensure stability and ensure social stability. By the middle of August, in addition to the 300 billion yuan used to support additional tax cuts and fees, of the 1.7 trillion yuan of funds under direct management, the budgets of cities and counties had been detailed into 1.451 trillion yuan for specific projects, and 509.7 billion yuan had been spent in real terms.


Where did the money go? How to manage and use well? Reporters visited Hunan, Shenzhen, Chongqing and other places for interviews, listening to the voice of the frontline.


"Timely Rain" to ensure people's livelihood


In Futian Street, Futian District, Shenzhen, newly purchased vehicle-mounted mobile CT is always "on call" for residents to perform lung CT screening for suspected COVID-19 cases. Some of the money for these vehicles comes from direct funding.


In Longgang District, north of Shenzhen, 200 million yuan of direct funds have been sent to the district's related hospital, which is mainly used for basic public health services and epidemic prevention and control expenditure, and all the expenditure has been completed. "Direct funding provides' real money 'guarantee for the epidemic prevention and control work at the grassroots level." Shenzhen Longgang District finance bureau director Chen Zhou said.


According to Li Jinghui, director of the Budget Department of the Ministry of Finance, in view of the implementation of direct funds, local governments have made great efforts to optimize the structure of direct funds in light of local conditions, focusing on epidemic prevention and control, helping market entities and people in need, ensuring basic livelihood, employment, community-level operation and supporting the construction of major projects.


Lotus leaves blue sky, homestay strewn with... Through vigorously developing courtyard economy and industrial economy, hengchong Village of Anding Town in Pingjiang County of Hunan province has been continuously improving its production and life appearance.


Many poor families told reporters that in July, they received a courtyard economy awards ranging from 300 yuan to 1,000 yuan, which gave them more motivation to do their "small business" well.


"The money comes directly from the central government. After receiving the funds, we transferred the money to the poor families' CARDS within five working days to help them develop better." Pingjiang county magistrate Huang Weixiong said that direct funds to be delivered accurately and quickly, for the grassroots finance is a "timely rain."


In Chongqing's Jiangbei district, 2.8 million yuan of direct funds were used to help urban and rural residents with subsistence allowances. Zhu Wenxin told reporters that now a month can receive more than 560 yuan, "the day is no longer so tight."


"As a pilot area of Chongqing's comprehensive social assistance reform, Jiangbei District has taken the lead in the city in realizing the overall planning of urban and rural subsistence allowances, raising the standard of rural subsistence allowances to the standard of urban subsistence allowances, and integrating urban and rural subsistence allowances." Wan Chuanjiang, director of chongqing Jiangbei Finance Bureau.


Bail out market players


A wide variety of products fill the shelves, anchors introduce each product via live broadcast on mobile phones, and customer service staff communicate patiently with customers through apps... Chongqing Miyoubejia E-commerce Co., LTD., "live broadcast with goods" business has been developing steadily.


"We are an e-commerce company dedicated to 'connecting' merchants and consumers. However, the sudden outbreak has put us under pressure, and sales have been hit." Jian Xiaoying, general manager of the company, said: "In the face of difficulties, the government gave us a 159,000 yuan subsidy to stabilize the post, adding a force to the company's development."


This is a concrete example of direct funding to help companies out. According to incomplete statistics, more than 14 billion yuan of direct funds have been spent to support market entities, benefiting nearly 80,000 small and medium-sized enterprises and more than 60,000 individual businesses.


According to Li Jia, director of Chongqing Jiangjin District Finance Bureau, in addition to providing subsidies for enterprises to stabilize their posts, Jiangjin district also arranged 20 million yuan in direct funds to provide 17 enterprises with discount interest on key guarantee financing loans for epidemic prevention and control to further reduce their financing costs.


In Zhuzhou city, Hunan Province, 360 million yuan of special national debt funds to fight the epidemic were used to protect market entities and support related enterprises such as Zhuzhou rail transit and emerging industries.


"Zhuzhou is a city 'towed' by train. The rail transit industry is the first pillar industry in Zhuzhou. However, due to the epidemic, direct funds can effectively help the relevant enterprises to solve the problem," he said. Li Nengbin, director of the Finance Bureau of Zhuzhou city, Hunan Province.


A number of measures have been taken to secure direct funding


The central government's new financial funds can reach cities and counties directly, benefit enterprises and benefit the people, and cannot be separated from the establishment of a special transfer payment mechanism.


This mechanism refers to the principle of "central government cutting blocks, provincial-level segmentation, record-keeping and approval, and fast direct access" to allow new government funds to go through trains to grassroots level. On the one hand, it is more "fast" and "direct", on the other hand, it also puts forward new requirements for financial fund management.


"The establishment of a special transfer payment mechanism is a major institutional reform and innovation in fiscal management, and it is also a new task for us." Xu Hongcai, vice minister of Finance, said the Ministry of Finance has set up a working mechanism for departments to link up, build a direct fund management system, and set up a monitoring system with full coverage, chain and whole process.


In the interview, the reporter found that in order to manage and use direct funds well, local governments also have their own "measures" in the implementation and implementation of policies.


Hu Yungui, director of the Budget office of hunan Provincial Finance Department, told reporters that Hunan province gave full play to the advantages of the provincial financial "direct management of the county" system, canceling the municipal transfer link, the one-time decomposition of funds into counties and cities, to ensure that direct funds from the central to the grassroots "one line to the bottom".


In order to strengthen the supervision of funds, Shenzhen has set up a special class for direct funds monitoring, formulated the work plan for direct funds monitoring, organized and carried out special training, clarified the scope and management requirements of direct funds, strengthened the supervision of the flow of funds, made overall plans for the management and use of funds, and accelerated the progress of direct funds using.


"We have not only strengthened the management of the allocation and use of funds, but also strengthened supervision and management." Feng Yi, director of the Finance bureau of Chongqing municipality, said that regarding the implementation of direct funds, the finance department not only has regular consultation and information sharing with auditing departments, but also reports the allocation and use of funds to the PEOPLE's Congress and makes public the allocation of funds to ensure that direct funds are effective in the "last meter".


Li jinghui said that the next step, will focus on the direct use of funds, vigorously optimize the structure of expenditure, increase the strength of financial sinking; Strengthen supervision of direct funds, strengthen communication and cooperation with audit departments, and further improve the function of direct funds monitoring system.


"We will also evaluate and improve policies in a timely manner, listen carefully to the opinions and Suggestions of relevant local departments and people from all walks of life on direct fund management, and improve management measures in a timely manner. We will strengthen the evaluation of the effectiveness of the implementation of the direct mechanism, reasonably absorb good experience and practices, and improve budgetary management measures." "Said Li Jinghui.


Source: Ministry of Finance, PRC