As of the end of May 2022, the balance of local government debt in the country was 3325.9 billion yuan

China Economic Net, Beijing, June 30. According to the website of the Ministry of Finance, the national government debt limit for 2022 was 37647.43 billion yuan, of which the general debt limit was 15828.922 billion yuan, and the special debt limit was 21818.508 billion yuan.

As of the end of May 2022, the balance of local government debt in the country was 3325.9 billion yuan, which was controlled within the limited amount approved by the National People's Congress.Among them, the general debt was 14366.8 billion yuan, the special debt was 188.841 billion yuan; the government bonds were 33.888.7 billion yuan, and the government bonds in the form of non -governmental bonds were 162.2 billion yuan.

As of the end of May 2022, the remaining average of local government bonds was 8.0 years, including 6.1 years of general bonds and 9.5 years of special bonds; the average interest rate was 3.46%, of which 3.47%of the average bonds and 3.46%of special bonds.

- END -