The 21st century economic coverage on September 24 news newspaper reporter learned, in late October, the central authorities send out the survey team will rush toward land, the knowing the real situation central investment place co-funding arriving situation.

The 5th batch of central investment will issue in October, before this state development and reform commission and Ministry of Finance after-crops the document, requests the place before the end of September the central investment plan 100% operations, 100% place co-fundings arrive, 100% have the question to reorganize.

Ministry of Finance on September 14 announced “about Further Improves Central Construction Investment budget Execution Management Notice” pointed out that “area which did not carry out regarding the co-funding, must deduct correspondingly or postpone to issue this local following central construction investment budget.”

In order to deal with this inspection, to strive new round central investment support, in the near future each region will do everything possible to make up the clear before this debt in abundance.

Jiangsu Zhenjiang water conservation relevant authority public figures said to newspaper that this city total investment 35.37 million Yuan small reservoirs eliminate the dangerous strengthening works project and total investment 14.56 million Yuan Changjiang Town to raise the section hereditary trade continent left branch emergency to protect the bottom project two central investment plans, although before this municipal co-funding had the arrangement, but is apart from 100% arrivings also to have certain disparity.

In order to deal with the central inspection, in late August, the municipal government is coordinated, is paid 20.82 million Yuan land sale income funds by the Zhenjiang water conservation investment company first, makes up the hole temporarily.

The livelihood of the people project enlarges the place pressure

Zhenjiang as the Southern Jiangsu city, the economy is relatively developed, in the first half of this year the total state revenue amounted to 13.3 billion Yuan, grew compared to the same period over 12%.

This city finance bureau budget place assistant deputy office chief boundless forest indicated that the Zhenjiang total financial revenue is indeed very big, but city this level budgetary revenue only then 8 billion, because the disbursement speed is bigger than the income velocity by far, finance’s pressure is very big.

In the first half of this year, the whole city finance gross charge completed 9.463 billion Yuan, completed the annual budget 49.34%, the additional outlay 1.795 billion Yuan, grew 23.41% compared to the same period.

The boundless forest said that the financial pressure is mainly the central level funds regarding education, medical service and other enterprises invested to enlarge, is also quickening pace regarding some investment plans, because the place must follow the fund step, the overall financial comparison becomes serious.

On January 1, national teachers started to implement the achievements wages. The Zhenjiang more than 20,000 teachers, yearly salary everyone rises at present 20,000 Yuan, the annual local finance increases the disbursement 500 million Yuan.

“This is not a small expenditure. Because the place can grasp financial resource also 5 billion Yuan. We calculate the Southern Jiangsu area freely, but the economy cannot calculate that is too developed.”The boundless forest said that this money approximately composes the municipal finance to be possible to control the income 1/10.

On financial weak western provinces, the pressure was more obvious. A western some county magistrate told newspaper reporter, this county last year financial revenue about 110 million Yuan, but this county more than 4000 teacher rising firewood needed 75 million co-fundings merely, in addition also had the rural medical service and rural potable water, the central investment and so on a series of co-fundings to increase.

Each region attacks makes up the uneven debt

Although the financial resource are intense, but to earn central level funds support, each region still adopted each means that tries before the central investigation team approaches makes up the uneven co-funding gap.

The fore-mentioned Zhenjiang’s procedure is, pays some water conservancy bureau land sale incomes by the water conservation investment company in advance, after waiting the land to go on the market, settles accounts. After the water conservancy bureau receives the money, then includes the municipal fiscal budget, arranges the payment central expansion of domestic demand hydraulic engineering project municipal to form a complete set.

In central province Anhui, on September 17, province Development and Planning Commission Director Shen Weiguo held the investment work symposium, pointed out that 4 city’s central investment co-fundings were insufficient, the request guaranteed the first three batch of central investment plan operation and implementation scheduling three “100%”.

Anhui Chaohu Development and Planning Commission invests branch Wang Wei to tell the reporter, at present the central investment has after-cropped 4 batch, because the progress is quick, had the place to dial the central investment necessary not to complete, gets down dials the central investment to come, in addition some local investment reserves and progress were insufficient, the financial resource growth was slow, the place formed a complete set the phenomenon which could not follow generally to exist.

According to newspaper reporter, at present audit office arrived in Anhui, carries on the inspection to the Anhui central investment’s situation.

Some fore-mentioned western county has obtained 4 batch of altogether 301 million additional central investment plan investment, the central committee invests 153 million, provincial level necessary 11 million, the county government needs necessary to invest 75 million.

In 2008, this county financial revenue less than 120 million, in 2009 estimated that may increase 20 million, but after paying 75 million teacher wage reform co-funding, did not have the financial support central investment plan to form a complete set again.

A Yunnan provincial finance department public figure told reporter, at present Yunnan expansion of domestic demand first, second and third batch of central committees invest 12.86 billion Yuan, involved project 3285, began 3013, the utilization of capacity 91.7%. The local authority should co-funding 9.07 billion Yuan, already arrive 5.36 billion Yuan, the arriving rate 59.1%.

But the Yunnan provincial level grasps budget basic income in 10 billion Yuan, can necessary the fund 2 billion Yuan which is used to construct. The under state, city and county financial resource are weaker, must complete the central co-funding 100% arrivings, the gap is enormous.

Reform tax distribution system or place voluntarily bond?

Fore-mentioned Yunnan provincial finance department public figures said that what at present Yunnan adopts is increases the administrative charge the means to make up the tax revenue the insufficiency. But this part of charge is limited. “Whether the central committee could repay a past tax revenue much, for instance the tobacco aspect, to solve the problem which the place financial resource were insufficient.”

According to of arrangement of Ministry of Finance and excise office, after raising the tax rate, the tobacco excise tax must net gain 50 billion Yuan this year.

The Yunnan 70% tax revenues take advantage of tobacco industry, its Internal Revenue Service’s news said that after the additional tax, Yunnan will increase 2.2 billion Yuan excise taxes, all turns in the central committee. Simultaneously because the profit reduces, little drafts the enterprise income tax 500 million Yuan, reduces the increment duty 80 million Yuan. According to the enterprise income tax and place 60%:40%, the increment duty 75%:25% share proportion, Yunnan will reduce nearly 230 million Yuan tax revenues.

Chinese investment association vice-chairman Liu Huiyong said that at present the central committee issues on another’s behalf the local bond 200 billion, are limited regarding the place financial support. “Actually may give place bond directly, this aspect may revise the budget law not to the first place bond stipulation. Sends 1 trillion bonds not to have question, the place later to be possible to repay slowly. What is most essential is these money must be used in radical promotion consumption and other domains, for instance to the resident the rising wages is being OK.”He said.

The fore-mentioned western official said that at present each region is stepping up to establish to consummate the place financing platform, to solve place financial resource insufficient problem, this is the unavoidable behavior. In such entire economic stimulus, bank loan’s proportion will increase.

Before this, in National People’s Congress wealth economic committee assistant director Yin the minister said that the departments government throws the financing platform through the large-scale construction, carries on other infrastructure investment and government activities the local authority had the debt credit. This will possibly leave behind the stealth deficit and debt to the place. (This article originates: The 21st century economic coverage author: Xiao Ming)