Audit reveals issues such as idle funds in some additional issuance of national debt projects, experts suggest strengthening supervision.

On August 12th, Jin10 Data reported that the benefits of issuing 1 trillion yuan of national bonds are beginning to show, but the audit has revealed some problems with certain projects that deserve attention. Recently, some provinces have released reports on the execution of local budgets and audits of other fiscal revenues and expenditures in 2023. These reports involve issues related to the use of the 1 trillion yuan of national bonds issued at the end of last year, such as slow project progress or even non-commencement, resulting in idle funds. Luo Zhiheng, Chief Economist of Yuekai Securities, suggested strengthening the preparatory work for the issuance of national bonds, optimizing the funds allocation mechanism, strengthening project management assessment, and improving project performance management. In the future, violations in the use of funds from the issuance of national bonds should be seriously investigated, and the use and progress of the funds should be promptly disclosed to the public to accept social supervision.