The State Council supports 100 billion yuan financial special funds
Recently, after being approved by the State Council, the Ministry of Finance issued the management method of special reward and compensation fund for structural adjustment of industrial enterprises, and arranged 100 billion yuan special award to supplement funds to support excess capacity.
In recent years, the iron and steel industry has formed a large amount of excess capacity due to the slowdown of economic growth and the shortage of market demand. It is the key task for China's economic structural reform to actively and steadily resolve the surplus capacity of the steel and coal industry and realize the development of poverty relief. Therefore, the "measures" clearly the central government set up the industrial structure adjustment of special rewards and subsidies for local and central enterprises to solve the steel and coal industry overcapacity work award given up to encourage local governments, enterprises and banks and other creditors by mergers and acquisitions, debt restructuring and bankruptcy liquidation, to achieve market clearing.
"The size of the fund for the special award is 100 billion yuan, and the ladder of the award is made up." The relevant person in charge of the Ministry of Finance said that the basis of awards and subsidies accounted for 80% of the total funds, exit capacity assignments, placed the number of employees, the degree of difficulty and the allocation factor method; step up prize money of the total funds accounted for 20%, and the provinces, the central enterprises to resolve the overcapacity task on the hook, exceeding the target task amount of provinces and the central enterprises, a certain foundation coefficient according to the awards complement funds to implement cascade premium. It is understood that the funds for the special award are made up by local governments and central enterprises for the distribution and resettlement of the staff and workers in accordance with the requirements.
While arranging the subsidized funds, the tax preferential policies of the iron and steel industry will also be implemented. For example, continue to implement the steel export tax rebate policy; canceled imported steel bonded processing trade; the implementation of coal enterprise value-added tax policy; the implementation of coal enterprises and urban land use tax preferential policy; implementation of iron and steel enterprises use more preferential tax policies for comprehensive utilization of waste heat power generation resources pressure.
At the same time, on the one hand, the preferential tax policy, land revenue policy and financial accounting system, support steel, coal enterprises mergers and acquisitions, debt restructuring and bankruptcy; on the other hand, the implementation of financial policies to resolve the overcapacity in steel coal enterprises, and support financial enterprises timely disposal of non-performing assets, support eligible projects, by the special construction funds in support of iron and steel, coal and other industries through export credit insurance to go out".
In addition, to encourage the implementation of coal-bed methane development and utilization of fiscal policy, "13th Five-Year" during the CBM exploitation and utilization of the standard financial subsidies from 0.2 yuan / cubic meter to 0.3 yuan / cubic meter.
