The Ministry of Finance will study and guide the local use of special debt limits

It is learned from the Ministry of Finance that in the first seven months of this year, local governments across the country have issued a total of 3.47 trillion yuan (including the quota of 2021), and the amount of special bonds for project construction has been basically issued. The Ministry of Finance will study and guide the local use of special debt limits, revitalize the debt limit space in accordance with the law, and play an effective investment role.

According to the person in charge of the relevant department of the Ministry of Finance, from the perspective of investment, special bonds used for project construction in the first 7 months were mainly used for municipal construction and industrial park infrastructure, social undertakings, transportation infrastructure, affordable housing projects, agricultural and forestry water conservancy, etc. Important area. From the perspective of the capital project capital, more than 250 billion yuan of special bond funds have been arranged in the past 7 months to use it as a major project capital such as railway, toll roads, and trunk airports. The role of prying has played an important role in driving an effective investment.

The person in charge said that the special bond repay the risk on schedule. According to relevant policies, special bonds are repaid through local government fund income and special income, and eligible projects are allowed to issue re -financing bonds to repay the principal. As of the end of July, the principal of 533.2 billion yuan in special bonds expired this year has been repaid in full on schedule, and the compensation risk is controllable.

"In the next step, the Ministry of Finance will guide the local government to make good use of government special bond funds, make full use of the recent window period with a relatively small scale of local government bond issuance, and complete the collection of new special bond issuance in 2022. The request of Zero Rong Ren "urges localities to accelerate the management of special bond projects and effectively prevent the risk of special bonds." The person in charge said.

(Editor in charge: Wang Chenxi)

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