扫码文末"投小圈" 加入行业交流群 文章来源：山西省财政厅 ◎ 由省政府发行、用于有一定收益的公益性项目建设、约定一定期限内还本付息的地方政府债券。 为进一步优化专项债券"借、用、管、还"全生命周期管理，近日，省财政厅、省发展改革委联合印发《关于进一步优化专项债券管理的实施细则》（以下 简称《实施细则》）。《实施细则》自2025年4月21日起施行，有效期2年。《实施细则》共44条，对项目储备与申报、限额分配与预决算、发行管理等方 面都作出了明确详细的规定。 ◎ 省人民政府为全省专项债券的发行主体，市县级人民政府确需使用专项债券的，由省人民政府统一发行并逐级转贷。 《实施细则》所称专项债券是指 ◎ 发行专项债券举借的债务规模实行限额管理，不得突破批准的限额。 ◎ 专项债券应落实到实体政府投资项目，实行投向领域"负面清单"管理。 ◎ 专项债券项目及资金实行分级管理，谁使用谁负责、谁监管谁负责。 山西省财政厅 山西省发展和改革委员会印发关于进一步优化专项债券管理的实施细则的通知 各市、县人民政府，省人民政府各委、办、厅、局： 《关于进一步优化专项债券管理的实施细则》已经省委、省人民政府同意，现印发给你们，请认真贯彻 ...

Core Viewpoint - The provincial government of Liaoning has effectively executed its budget for the first half of 2025, aligning with central and provincial directives, while facing challenges in revenue stability and structural issues [1][2] Group 1: Budget Execution Overview - The provincial government and financial departments have adhered to the central government's policies, focusing on comprehensive revitalization and implementing a more proactive fiscal policy [1] - The overall budget execution for the first half of 2025 is deemed satisfactory, providing strong support for achieving key strategic tasks and ensuring basic livelihood financing [1] Group 2: Challenges Identified - There are notable difficulties in the budget execution, including unstable revenue growth and a need for improvement in revenue structure [1] - The financial balance at the grassroots level is under pressure, indicating a tightening situation [1] Group 3: Recommendations for Improvement - Implement a more proactive fiscal policy to enhance financial support for major strategic tasks and stimulate effective investment [2] - Optimize the fiscal revenue structure by stabilizing industrial tax sources and improving non-tax revenue management [2] - Strengthen the management of special bonds throughout their lifecycle to ensure proper usage and enhance efficiency [2] - Focus on preventing and mitigating fiscal risks while adhering to priority principles for basic financial guarantees [2] - Enforce strict financial discipline and enhance the financial supervision system to ensure the safe and regulated use of fiscal funds [2]