Issuing 1 trillion yuan of special anti-epidemic government bonds
2020-5-27
This year ’s government work report stated that the deficit rate for this year is planned to be more than 3.6%. The fiscal deficit will increase by 1 trillion yuan compared with last year. At the same time, 1 trillion yuan of special anti-epidemic government bonds will be issued. This is a special move in a special period. All the above 2 trillion yuan will be transferred to localities, and a special transfer payment mechanism will be established to provide funds directly to the grassroots of the city and county, directly benefiting enterprises and the people.
As the name implies, the special treasury bonds for anti-epidemic disease are not ordinary treasury bonds, but special treasury bonds issued by the central government in order to cope with the impact of the new coronary pneumonia epidemic.
This is a special move in a special period. Anti-epidemic special treasury bonds are mainly used for local public health and other infrastructure construction and anti-epidemic expenditures.
Wen Bin, chief researcher of China Minsheng Bank, told reporters from China News that special government bonds serve specific policies and support specific project needs, and have advantages such as specific purposes, large scale, long term, and flexible policies.
This year ’s government work report stated that the deficit rate for this year is planned to be more than 3.6%. The fiscal deficit will increase by 1 trillion yuan compared with last year. At the same time, 1 trillion yuan of special anti-epidemic government bonds will be issued. This is a special move in a special period. All the above 2 trillion yuan will be transferred to localities, and a special transfer payment mechanism will be established to provide funds directly to the grassroots of the city and county, directly benefiting enterprises and the people.
As the name implies, the special treasury bonds for anti-epidemic disease are not ordinary treasury bonds, but special treasury bonds issued by the central government in order to cope with the impact of the new coronary pneumonia epidemic.
This is a special move in a special period. Anti-epidemic special treasury bonds are mainly used for local public health and other infrastructure construction and anti-epidemic expenditures.
Wen Bin, chief researcher of China Minsheng Bank, told reporters from China News that special government bonds serve specific policies and support specific project needs, and have advantages such as specific purposes, large scale, long term, and flexible policies.
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