财政部债务司成立 改变政府债务多头管理现状

Core Viewpoint - The establishment of the Debt Management Department within the Ministry of Finance aims to enhance the management of government debt in China, addressing issues of multi-headed management and improving efficiency in debt oversight [9][10]. Group 1: Responsibilities of the Debt Management Department - The new Debt Management Department is responsible for formulating and implementing domestic government debt management policies, managing both central and local government debts, and overseeing the issuance and repayment of government bonds [9]. - It will also strengthen monitoring and regulation of government debt to mitigate hidden debt risks [9]. Group 2: Leadership and Structural Changes - The leadership of the Debt Management Department includes Director Li Dawei and Deputy Directors Qu Fuguo and Zhao Zeyong [9]. - Prior to the establishment of the Debt Management Department, various divisions within the Ministry of Finance managed debt responsibilities separately, which led to inefficiencies [10]. Group 3: Significance and Context - Experts believe that the establishment of the Debt Management Department is a significant step in optimizing the top-level design of China's government debt management system, which is crucial for improving management efficiency and leveraging debt for economic development [10][11]. - The Ministry of Finance aims to create a debt management mechanism that aligns with high-quality development during the 14th Five-Year Plan period, as highlighted in recent government communications [11][12]. Group 4: Current Debt Situation - As of the end of 2024, China's total government debt is projected to reach 92.6 trillion yuan, with a debt-to-GDP ratio of 68.7%, indicating that the risk level is manageable [11].