财政部：严格落实举债终身问责和债务问题倒查机制，坚决遏制新增隐性债务

Core Viewpoint - The Chinese government is implementing a series of debt management measures to ensure economic stability and reduce local government debt risks, with a focus on balancing development and debt management [3][4]. Group 1: Debt Management Measures - As of August 2023, a total of 4 trillion yuan of the newly increased 6 trillion yuan special debt limit has been issued, leading to an average interest cost reduction of over 2.5 percentage points, saving over 450 billion yuan in interest expenses [3]. - The total government debt is projected to reach 92.6 trillion yuan by the end of 2024, with a government debt ratio of 68.7%, which is considered reasonable compared to G20 and G7 averages of 118.2% and 123.2%, respectively [3]. - The government aims to continue its debt management strategy by reducing existing debt, enhancing management practices, improving the effectiveness of debt usage, and mitigating risks [5]. Group 2: Economic Development and Debt Management - The debt management measures have enhanced local development capabilities by freeing up financial resources and policy space to address economic challenges [4]. - Over 60% of financing platforms are expected to exit by June 2025, indicating significant progress in reducing hidden debts [4]. - The government plans to establish a debt management mechanism that aligns with high-quality development, ensuring a sustainable economic environment [4][5].