from the end of june, when 2 trillion yuan of direct funds from the central government were distributed to cities and counties, to the middle of august, more than 85 percent of the 1.7 trillion yuan of direct funds under management had been allocated to specific projects. this past summer, the "through train" of government funds quickly reached the grass-roots level, sending "real money" to support local governments in their efforts to achieve this year's economic and social development tasks.
the establishment of a special transfer payment mechanism to direct central government funds to cities and counties and directly benefit enterprises and the people is a special move of china to cope with the impact of the epidemic and promote the decline of financial resources in a special year. it is also an important part of the solid work of "six stability" and the implementation of the task of "six guarantees".
direct access to government funds is a concrete embodiment of the current policy of ensuring stable employment, rescuing enterprises and helping the people. it solves the problem of "where will the money come from?" and provides targeted "blood transfusions" at the grassroots level to bring about rapid benefits. from the implementation of various localities, direct funds play an obvious role.
by pressing the "direct access" button on government funds, we are promoting reform and innovation in the areas of strengthening regulation and services. from the central finance to the provincial finance to the city and county grass-roots level, we will jointly open the "through train" and use the "booster" of financial informatization construction to push the funds to reach the "front line" as soon as possible.
"direct speed" is effective and useful experience needs to be promoted. with a view to making policies more effective and ensuring people's wellbeing as our goal, we need to actively explore and make breakthroughs, build more policy "through trains" and "expressways", and accelerate reform and innovation to benefit enterprises and benefit the people.
source: ministry of finance, prc