After the place sends the debt, collects the fund, will be defined that uses in the central level funds investing the place project the conveyance system, as well as the livelihood of the people project, do not use in the running expenses, is also the travel allowance, the entertainment expense or the work funds, but the State Council when is surveying finally, approves the place sends the debt the scale, also will rest on the central level funds to invest the place project the conveyance system, targets and so on financial revenue bearing capacity to take the basis.Approaches Ministry of Finance’s news public figures to call.
In addition, the State Council will also examine and approve, inspects the place national debt the service condition, simultaneously requests the fund which the local bond collects to integrate the local finance budget management, reports the National People’s Congress to verify, the surveillance. Why can allow the Local authority to send the debt Our country to defeat the epicycle global economic crisis, ejected 4,000,000,000,000 has rescued the city plan, the central level funds will undertake 1,180,000,000,000, other parts needed the local government and non-government investment. But according to Department responsible for the work Ministry of Finance’s reckoning, even if is prohibiting strictly the Local authority to send the debt strictly the age, by the end of 2007, China Local authority outstanding amount still amounted to more than 40000 hundred million Yuan, the direct debt accounts for 80%, surplus 20% for guarantee debt. But recessive debt, is unable to count.