Recently, the Ministry of Finance arranged to use local government debt balance limits of 550 billion yuan to improve the general public budget security capacity of counties and districts and support local expansion of effective investment. Of the 550 billion yuan local government debt balance limit issued locally, the general debt balance limit is 300 billion yuan, all of which are used by counties and districts to improve the general public budget guarantee capacity of counties and districts; the special debt balance limit is 250 billion yuan, which is allocated to regions with actual project capital requirements in the fourth quarter of this year, and favors major economic provinces to prioritize funding requirements for projects under construction. New construction projects focus on key areas such as the “Six Zhang Network” construction to effectively play a driving role in government investment. The Ministry of Finance will guide and supervise all regions to better connect project reserves and bond issuance, speed up the pace of issuance, smooth the disbursement chain, form a physical workload as soon as possible, and promote early implementation and early results of policies.

Recently, the Ministry of Finance arranged to use local government debt balance limits of 550 billion yuan to improve the general public budget security capacity of counties and districts and support local expansion of effective investment. Of the 550 billion yuan local government debt balance limit issued locally, the general debt balance limit is 300 billion yuan, all of which are used by counties and districts to improve the general public budget guarantee capacity of counties and districts; the special debt balance limit is 250 billion yuan, which is allocated to regions with actual project capital requirements in the fourth quarter of this year, and favors major economic provinces to prioritize funding requirements for projects under construction. New construction projects focus on key areas such as the “Six Zhang Network” construction to effectively play a driving role in government investment. The Ministry of Finance will guide and supervise all regions to better connect project reserves and bond issuance, speed up the pace of issuance, smooth the disbursement chain, form a physical workload as soon as possible, and promote early implementation and early results of policies.