财政部李大伟：截至6月末已发行置换债券占全年额度的90%，已使用1.44万亿元

Core Viewpoint - The Ministry of Finance has reported significant progress in the issuance and utilization of replacement bonds for 2025, indicating a proactive approach to managing local government debt [1] Group 1: Replacement Bonds - As of the end of June, 1.8 trillion yuan of the 2 trillion yuan replacement bonds for 2025 have been issued, accounting for 90% of the annual quota [1] - Out of the issued bonds, 1.44 trillion yuan has already been utilized, demonstrating effective deployment of the funds [1] Group 2: Debt Management - The Ministry of Finance is guiding local governments to enhance the management of hidden debts and to reasonably schedule the issuance of bonds [1] - Efforts are being made to shorten the time gap between bond issuance and actual replacement, aiming to minimize interest costs [1]