财政部：9月全国发行地方政府债券8619亿元

Group 1: National Local Government Bond Issuance - In September 2025, a total of 4,741 billion yuan in new bonds were issued, comprising 550 billion yuan in general bonds and 4,191 billion yuan in special bonds [2] - The total refinancing bonds issued amounted to 3,878 billion yuan, with 1,710 billion yuan in general bonds and 2,168 billion yuan in special bonds, leading to a combined total of 8,619 billion yuan in local government bonds issued [2] - The average issuance term for local government bonds in September 2025 was 16.8 years, with general bonds averaging 8.4 years and special bonds averaging 19.8 years [2] Group 2: Year-to-Date Bond Issuance - From January to September 2025, a total of 43,615 billion yuan in new local government bonds were issued, including 6,758 billion yuan in general bonds and 36,857 billion yuan in special bonds [3] - The total refinancing bonds issued during this period reached 41,842 billion yuan, with 13,799 billion yuan in general bonds and 28,043 billion yuan in special bonds, resulting in an overall issuance of 85,457 billion yuan in local government bonds [3] Group 3: Debt Repayment and Interest Payments - In the first nine months of 2025, local government bonds had a principal repayment of 23,863 billion yuan, with 20,527 billion yuan from refinancing bonds and 3,336 billion yuan from other fiscal arrangements [5] - Interest payments for local government bonds totaled 11,191 billion yuan from January to September 2025, with 1,328 billion yuan paid in September alone [6] Group 4: Local Government Debt Balance - As of the end of September 2025, the total local government debt balance was 536,995 billion yuan, with 173,119 billion yuan in general debt and 363,876 billion yuan in special debt [7] - The average remaining term for local government bonds was 10.5 years, with general bonds averaging 6.2 years and special bonds averaging 12.5 years, and the average interest rate was 2.86% [7]