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The 11th meeting of the Standing Committee of the National People's Congress held today will hear and review the report of the State Council on major government public investment and its implementation this year, as well as the research report of the Special Research Group of the Standing Committee of the National People's Congress on the implementation of some major public investment projects wait.
From May to August, in response to the "4 trillion yuan" government investment plan launched at the end of 2008, the special research team of the National People's Congress rushed to 18 provinces and regions including Shaanxi, Inner Mongolia, Hubei, Shandong, and Liaoning to conduct research, involving security Housing construction, education, health and other livelihood projects, technological transformation and technological innovation, and farmland and water conservancy construction.
"Some mountainous areas in northern Shaanxi are sparsely populated. There are only a few households or dozens of households in a village. Is it necessary to invest a lot of money in road construction to realize 'village-to-village connectivity'? The mentality of "relying on political achievements and getting it in hand" mentality, sudden compilation and reporting of projects, resulting in some projects not fully meeting the actual needs of the local area... During the investigation, the research team found that it was difficult to implement supporting funds in some places, and the project progress was slow. There are problems such as unbalanced development among countries and insufficient capacity for sustainable development.
Local supporting funds are under great pressure
During the survey, it was found that local governments are under greater pressure on supporting funds for central investment.
For example, among the 11 banner counties in Ulanqab City, Inner Mongolia, there are 6 national-level poverty-stricken counties and 4 district-level poverty-stricken counties. Last year, fiscal revenue plus transfer payments totaled 4.8 billion yuan, of which 4.2 billion yuan was used for the expenses of personnel in administrative institutions. For salary expenditure, 600 million yuan is used for the operation of government agencies. Even the 200 million yuan of local financial support for urban and rural subsistence allowances and medical assistance is difficult to guarantee. It is even more difficult to fully implement the supporting funds for new central investment projects.
In the survey of Hubei Province in the central region, among the first three batches of new central investment project arrangements, cities and counties mainly implemented supporting projects through budget arrangements, central government on-lending local government bond funds, discovery of local government construction bonds, and local urban investment company financing platforms. However, most districts and counties have limited financial resources, and it is not ruled out that there will be half-baked projects, which will also increase the pressure on local finances in the future.
A similar situation exists in Shaanxi Province in the west. The matching funds at the provincial level have been in place one after another, and most of the matching funds at the municipal level are not a big problem, but it is difficult to raise matching funds at the county level, and it is difficult to get the full amount in place. Especially for the third batch and subsequent central investment, cities and counties are under greater pressure to support.
Moreover, it will take at least two to three years for some major projects to go from construction to operation, requiring continuous supplementary support from financial funds, and the financial pressure in the future will also be great.
Improving public investment planning
Proper planning of public investment is also an issue that needs to be improved urgently. During the investigation, it was found that among the new central investment projects issued by a prefecture-level city this time, there are 27 grassroots family planning service station construction projects and 102 township health centers and clinic construction projects. Township health centers can completely cover family planning service stations However, since health and family planning are managed by different departments, it is difficult to use the limited central investment.
In order to strive for opportunities to expand government public investment, local governments are highly motivated to seek projects invested by the central government. However, since the selection of projects is still determined for local governments by higher authorities, local governments often apply for projects in accordance with the requirements of higher authorities, resulting in some projects not fully complying with local conditions. actual needs of development. Moreover, some local projects are jointly managed by several higher-level departments, and they are not bundled and implemented in a centralized manner. To a certain extent, funds are scattered or even wasted, which affects the expected effect of the project.
According to the survey, public investment planning should be improved and the direction of public investment should be adjusted in due course.
Shi Xiushi, a member of the special research team and chairman of the Financial and Economic Committee of the National People's Congress, pointed out that the investment in technological transformation and technological innovation projects is relatively small. 5%, of which the 20 billion investment in technical transformation only accounts for a little more than 2%, and because the proportion is relatively small, the average investment in technological transformation implemented in each province is 400 million."
Take measures to stimulate private investment
The research team pointed out that the stimulating effect of central investment on private investment is not yet significant, and measures need to be taken as soon as possible to vigorously support and promote private investment.
During the investigation period, Liaoning Province proposed that private investment should be further launched. Including expanding investment fields, allowing and encouraging private investment to enter railways, electric power, communications, petroleum energy, public utilities (2318.789, -38.00, -1.61%), public services and other industries and fields with strong monopoly; and improving the investment environment, Introduce policies and measures to promote private investment; and increase financial support.
Dandong City, Liaoning Province has actively explored in guiding and driving social investment. Dandong City relaxes private investment access fields, encourages and guides private capital to invest in urban infrastructure construction. The sewage treatment plant project and the Sanwan Water Conservancy Project, which started construction this year, have all introduced private capital to participate. In addition, Dandong is still trying to conditionally release some infrastructure project management rights, attracting private capital to participate in investment and operation of infrastructure networks such as natural gas pipeline networks, water supply and drainage and sewage pipeline networks. Dandong is also exploring city gas franchising with China Resources Gas Company.