财政增量政策来了！地方可额外发债5000亿元补充财力

Core Viewpoint - The article discusses the recent fiscal policy measures introduced by the Chinese government, particularly the allocation of 500 billion yuan to local governments to address debt and support economic growth amid challenging domestic and international conditions [3][4]. Group 1: Fiscal Policy Measures - The Ministry of Finance announced the allocation of 500 billion yuan from the local government debt limit to support local governments in the fourth quarter [3]. - The local government debt balance was reported at 53.2484 trillion yuan, with a limit of 57.9874 trillion yuan, indicating a remaining debt limit of 4.73903 trillion yuan [3]. - This allocation is part of a broader strategy to enhance local government financial capacity and facilitate the resolution of existing debts and overdue payments to enterprises [4]. Group 2: Comparison with Previous Year - Compared to the previous year, the current allocation of 500 billion yuan represents an increase of 100 billion yuan [4]. - The scope of the allocation has expanded to include support for major economic provinces and projects that meet specific criteria, aiming to boost effective investment [4]. Group 3: Debt Issuance and Financial Performance - As of the end of September, local governments had issued approximately 4.35 trillion yuan in new bonds, achieving an issuance rate of 83% of the planned 5.2 trillion yuan for the year [5]. - The fiscal revenue for local governments has shown slow growth, with general public budget revenue increasing by 1.8% to 93.039 billion yuan, while government fund budget revenue decreased by 0.6% to 27.441 billion yuan [5].