What is government fund income?

Government fund income is the income obtained by the state through social expropriation, land transfer and lottery. Government funds refer to financial funds with specific purposes collected by enterprises on behalf of the government in accordance with laws, administrative regulations and other relevant provisions. Government funds are non-tax revenues with specific purposes that people's governments at all levels and their subordinate departments collect from specific groups for free in accordance with the law in order to achieve the policy objectives in specific economic and social fields.

What government fund income can be used to repay the principal and interest of special bonds?

According to the financial forecast [2065438+07] No.89, the bond principal and interest repayment of local government special bond construction projects should be government fund income or special income generated by the project itself, which can completely cover the principal and interest repayment. Special bond projects are mainly funded by local governments. The right to manage and use the income of government funds used to repay special bonds belongs to local governments. Therefore, there is a premise to judge whether government fund income can be used to repay special bonds: it should be local government fund income, and the project can generate this part of government fund income.

According to the list of government funds published on the government website in 2020, the funds that can be included in the local fiscal treasury include: vehicle traffic surcharge for high-grade highways (Hainan), local education surcharge, supporting fees for urban infrastructure, post-resettlement support funds for local reservoirs (provincial large and medium-sized reservoir funds and post-resettlement support funds for small reservoirs), rural power grid repayment funds, employment security fund for the disabled, cultural undertakings construction fees, port construction fees, national major water conservancy projects construction funds, water conservancy construction funds, and so on.