Core Viewpoint - Local governments are adjusting their budgets to increase borrowing limits and expand expenditures in response to directives from the Ministry of Finance, aiming to stabilize investment and the economy [1] Group 1: Budget Adjustments - Multiple provinces, including Guangdong, Zhejiang, Sichuan, Gansu, Fujian, Hebei, Hunan, Shaanxi, Shanxi, Guangxi, Ningxia, Tianjin, and Chongqing, have adjusted their local budgets as of June 10 [1] - The adjustments are primarily due to the receipt of the 2025 local new debt limit from the Ministry of Finance, allowing for increased borrowing and corresponding revenue [1] Group 2: Economic Stabilization - The increase in borrowing limits and expenditures is intended to provide more support for local economic growth and structural adjustments [1]
地方密集调整预算 财政部催促加快发债
news flash·2025-06-10 13:48