1, standardize the financing behavior of shantytown renovation, curb the increase of hidden debts of local governments, and better solve the housing problem of the masses.

Special income should be able to guarantee the repayment of bond principal and interest, realize the balance between project income and financing, and give play to the positive role of the government in regulating moderate lending to improve people's housing conditions.

2. The shed reform special debt is an innovation of the national special debt reform and an important measure to implement the national budget law.

Especially in the current background of preventing and resolving financial risks, it can not only effectively strengthen and standardize local government debt management, realize effective circulation and self-seeking balance of local government debt capital chain, reduce local government financing costs and risks, but also improve people's livelihood housing and stabilize and promote local economic development.

Extended data

Measures for the administration of pilot issuance of special bonds for shantytown renovation by local governments

Article 3 The special bonds for shantytown renovation of local governments as mentioned in these Measures (hereinafter referred to as "special bonds for shantytown renovation") are varieties of special bonds for local governments, which refer to the special bonds issued by local governments on a voluntary basis and included in the pilot project of shantytown renovation, and are repaid with the income from the transfer of state-owned land use rights and the special income included in the budget management of government funds.

The special income mentioned in the preceding paragraph includes sales income, rental income and other income from supporting commercial facilities of shed reform projects owned by the government.

Article 5 The governments of provinces, autonomous regions and municipalities directly under the Central Government (hereinafter referred to as provincial governments) are the issuers of special bonds for shed reform. During the pilot period, the municipal, autonomous prefecture, county, autonomous county, city not divided into districts and municipal district-level governments (hereinafter referred to as municipal and county-level governments) really need special bonds for shed reform, which are uniformly issued by the provincial governments and lent to the municipal and county-level governments.

With the approval of the provincial government, the municipal government under separate state planning can issue special bonds for shed reform on its own.

Baidu Encyclopedia-Penggai Special Bond

Baidu Encyclopedia-"Measures for the Administration of Pilot Issuance of Special Bonds for shantytown Renovation by Local Governments"