"Performance Management Measures for Government Special Bond Project Funds" is designed to strengthen the performance management of local government special bond project funds and improve the efficiency of special bond funds.
Special bond project fund performance of the implementation of the whole life cycle management, adhere to the "debt must be effective, ineffective must be held accountable", follow the basic requirements of the project expenditure performance management, focusing on the balance of financing revenue and debt service risk. The establishment of a standardized workflow and indicator system to promote the performance management work in an orderly manner.
The financial departments at all levels take the lead in organizing the performance management of special bond project funds, and supervise and guide the project authorities and project units to implement the management work. Higher-level financial departments to strengthen the work of guidance and inspection. Performance information is an important part of the special bond project information, should be disclosed in accordance with the law and regulations, consciously accept social supervision, through the public to promote the improvement of the performance of special bond funds.
Assessment content
Before applying for special bond funds, the project unit or the project authority should carry out a prior performance assessment, and the assessment will be included in the special bond project implementation program. Prior to the performance assessment of the project to determine the need to apply for special bond funding support and feasibility, focusing on demonstrating the need for the implementation of the project, public welfare, profitability, project construction and investment compliance and project maturity, project funding sources and the availability of feasibility, etc..
Performance objectives should focus on reflecting the output quantity, quality, timeliness and cost of the special bond project, including economic benefits, social benefits, ecological benefits, sustainable impact, service object satisfaction and other performance indicators. Project units in the application of special bond project funding requirements, to synchronize the setting of performance objectives, the project department in charge of the audit, reported to the same level of the financial sector for validation.
Reference: Baidu Encyclopedia - Local Government Special Bonds