Government Debt Management

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至去年末惠州政府债务限额1513亿,安排债券项目248个
Sou Hu Cai Jing· 2025-06-29 09:18
Group 1 - The core viewpoint of the article highlights Huizhou's plan to issue new bonds amounting to 26.28 billion yuan in 2024, representing a year-on-year increase of 45.1% [2] - A total of 248 bond projects are arranged, primarily focusing on municipal and industrial park infrastructure, social undertakings, transportation infrastructure, and agricultural and water conservancy sectors [2] - By the end of December 2024, all newly issued bonds are expected to be fully allocated and spent, achieving a spending progress rate of 100% [2] Group 2 - The government debt limit for Huizhou is set at 151.39 billion yuan, with a current balance of 150.84 billion yuan, keeping the debt within the prescribed limit [3] - The report indicates that 22.24 billion yuan is allocated to support the "Hundred Million Project," which focuses on rural revitalization and infrastructure development [3] - Approximately 1.5 billion yuan of special bonds are designated as project capital, which is expected to leverage an additional 2 billion yuan in market financing [3] Group 3 - Huizhou has implemented strict controls on debt levels for both the municipal and county levels, ensuring reasonable distribution of new bond quotas to prevent sudden increases in debt [3] - The city has not identified any new hidden debts in 2024, maintaining a "zero growth" status for hidden government debts [3] - A comprehensive risk assessment and early warning system for legal debt is in place, with ongoing monitoring of debt ratio trends to prevent sharp increases in risk levels [3] Group 4 - The Huizhou Municipal People's Congress has established a system for the city government to report on local government debt management, which includes oversight of budget drafts, debt limits, and project arrangements [4] - A multi-departmental collaborative mechanism has been established to manage the entire process of new bond funds, ensuring effective use and risk prevention [5] - The city aims to strengthen fiscal revenue and improve local government bond management while actively accepting oversight from the People's Congress [5]