What funds does the local matching fund include?

Local matching funds include national science and technology major special funds, poverty alleviation and comprehensive agricultural development funds, modern agricultural development funds, various livelihood projects, World Bank projects, etc.

Local matching funds refer to the funds that must be matched by the lower-level finance when the central finance or provincial finance issues capital projects to the city and county finance.

Local matching funds are a kind of payment method shared by higher-level finance and lower-level finance. The establishment of the project needs local matching funds, aiming at mobilizing local sense of responsibility and enthusiasm in the process of project construction.

Matching funds are widely used in various economic construction projects at all levels, such as rural reform, comprehensive agricultural development, rural highway construction, rural cooperative medical care, subsidies for purchasing agricultural machinery, comprehensive township reform, resettlement, poverty alleviation loans, forestry loans, water conservancy, mineral development, urban planning, urban infrastructure, national housing projects, minimum living security, fire fighting equipment construction, scientific and technological projects, scientific and technological innovation, key scientific research and obligations. There are many projects with matching funds and a wide range.

To determine the matching funds, we should face the reality, distinguish between economically developed areas and backward areas, distinguish between national and provincial poverty-stricken counties and non-poverty-stricken counties, and distinguish between important projects and general projects. We should give full consideration to the difficulties of "old, small, marginal and poor" areas, reduce the matching ratio, reduce the matching amount, and even avoid matching. However, in order to actively encourage project units to raise funds by themselves, we should adopt the method of "the government arranges a little, the project units raise a little, the related expenses are reduced a little, and other funds support a little".

On the one hand, governments at all levels and financial departments must arrange funds according to the proportion of matching funds stipulated in project contracts and agreements, and include matching funds in the financial budget to ensure that matching funds are in place on time and in full. On the other hand, people's congresses and governments at all levels should take the implementation of matching funds as an important part of the financial work target management assessment. If it is found in the audit inspection that the matching funds of the project have not been put in place, it is suggested to take measures such as reducing the planned amount of project funds for the next year or canceling the qualification for project establishment, and impose penalties.