Group 1 - The report indicates that local government debt risk prevention and resolution have been effectively implemented in the first half of the year [1] - A total of 2 trillion yuan of local government debt limit was arranged to replace hidden debts, with 1.8 trillion yuan of related replacement bonds issued, completing 90% of the 2025 quota [1] - The average interest cost of the replaced debt has decreased by over 2.5 percentage points [1] Group 2 - The report emphasizes the need to strengthen budget constraints and prohibits the addition of hidden debts as a strict discipline [2] - It calls for a comprehensive management mechanism for hidden debt accountability, utilizing various methods such as auditing and inspections to identify and address new hidden debts [2] - The report advocates for a lifelong accountability system for government borrowing and a mechanism for tracing debt issues [2]
财政部《报告》显示 上半年2万亿债务置换完成90%
Zhong Guo Jing Ying Bao·2025-11-11 07:30