's congresses and the Ministry of Finance explained "200000000000" Allocation. Specific considerations including the central government investment in public welfare projects, the number of local matching, integrated financial, the degree of financial difficulties ". Which key factors for the local matching requirements. In particular the Ministry of Finance, the bond allocation will be central and western regions, mainly because of the central public welfare investment projects to the central and western regions,louboutin, therefore supporting the Midwest heavier tasks and Midwest debts more construction projects related to people's livelihood . " For weak repayment capacity of the central and western regions, the two sessions this year, Vice Finance Minister Li Yong has said "through government transfer payments to resolve. The Ministry of Finance in particular bonds issued over the scale is only control targets, local governments ultimately practical issue of how many bonds,hollister, which projects need to be determined after the same level People's Congress for examination and approval in accordance with the regulations. Glossary local government bonds: the State Council approved consent,air jordan pas cher, issued in 2009, to the provinces, autonomous regions, municipalities and the municipal government for the issuance and repayment of the principal, the agent issued by the Ministry of Finance and agency debt service and payment of the issue fee book-entry bonds in circulation. Bond Name: 2009 × × provincial government bonds (× × period) bond period: 3 years annual interest payment of bond interest rates: interest rates determined by the market-oriented tender bonds circulation: issued according to the provisions in the national inter-bank bond market and securities Exchange market traded tax incentives: cf the national debt policy implementation,hollister uk, are exempt from corporate income tax and personal income tax on interest income, ■ Q & A Ministry of Finance to accept local debt issuance, regulatory and other issues to interview local time debt will pay penalty interest yesterday for how ensure that the local government of its debt obligations, the relevant person in charge of the Ministry of Finance said that the local government fails when turned over to the principal and interest, default interest should be paid to the Ministry of Finance in accordance with the relevant provisions. Interviewed on local debt issuance, regulatory and other issues relevant person in charge of the Ministry of Finance. The funds may not be used for office buildings and hotels Q: Since it is a local government bonds, why not help local authorities themselves, issued by the central agent A: have not been established for the credit rating of local government bonds, and distribution channels will take some time to formulate a unified management system framework of local government bonds,hollister uk. Ministry of Finance to issue local government bonds, and help to reduce the cost of local government financing, and is conducive to the protection of investors of principal and interest received on time, can also enhance the credit rating of local government bonds. Q: The local government bond funds ready for what A: The scope of investment projects in the use of funds include: affordable housing projects, livelihood projects in rural areas, social undertakings, infrastructure, post-earthquake restoration and reconstruction projects. To strictly control arrangements for financing investment projects through market-oriented behavior, shall arrange for recurrent expenditures and construction of office buildings and hotels projects. The bonds use of audit checks will be accepted Q: how to strengthen the supervision of the use of funds for local government bonds A: To establish and improve the debt project reporting,hollister france, approval,hollister, performance evaluation and supervision system; bond funds of the local government should consciously accept the supervision and inspection of the discipline inspection and supervision departments, the audit department; Those who violate the provisions of trickery, funds not used in the scope of the requirement to use interception, misappropriation or diversion of local government bond funds,louboutin, according to the "financial penalties for illegal actions Ordinance accountability,sac lancel. The local government bonds, the need to maintain government credibility Q: how to ensure that the local governments to effectively meet their debt obligations A: 2009 is the first time in the country issuing local government bonds,parajumpers. To ensure that the maturity of the bonds to repay maintain the government's reputation, the debt service of the charge d'affaires of the 2009 local government bonds by the Ministry of Finance. Defined by the State Council,hollister uk, regional governments must be strictly in accordance with the relevant provisions in a timely manner to the Ministry of Finance turned over to the local government bond principal and interest,hollister outlet, the issue of fees funds. Pressed when turned over, it should be in accordance with the relevant provisions of the Ministry of Finance to pay the penalty. Late turned over to the local government bond principal and interest, the issue of fees and penalty interest funds by the Ministry of Finance for the annual central and local financial settlement shown with withholding. The reporter Baoying

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