关键词: “新基建”, 地方政府专项债, 专项债资金投向, 绩效评价

Abstract: Under the background of fully implementing the budget performance management, special attention should be paid to the performance evaluation of the local government special bond funds for the“new infrastructure constructions”. Based on the data of the special bond funds of all provinces for the“new infrastructure constructions”in 2020, this paper establishes a performance evaluation system from the three perspectives of issuance design, economic and social benefits and debt repayment guarantee.Then it uses the entropy weight TOPSIS method to quantitatively assess the performance of special bond funds for the“new infrastructure constructions”. The findings show that the main factors affecting the performance of the special bond funds for the new infrastructure constructions are the issuance scale and the debt repayment guarantee. Beijing has a better performance in terms of issuance design, economic and social benefits and debt repayment guarantee, which is significantly superior to other provinces.In terms of the regional distribution of the evaluation results, the performance of the special bond funds for the“new infrastructure constructions”presents the characteristics of the eastern region being obviously better than the central and western regions. Therefore, it is suggested to build a full life cycle fund performance management system from all links of the special bonds for the“new infrastructure constructions”, improve the issuance design of the special bonds for the“new infrastructure constructions”, optimize the investment direction of the special bond funds and cultivate their own income of the projects, so as to improve the performance of the special bond funds for the “new infrastructure constructions”.

Key words: “new infrastructure construction”, local government special debt, investment direction of special debtfunds, performance evaluation