Ministry of Finance: As of the end of April, local government bonds issued 1.9 trillion yuan

　　China News Service, May 9 (Xinhua) According to the Ministry of Finance website, in April, local government bonds (hereinafter referred to as local bonds) issued 286.8 billion yuan, of which 120.2 billion were new bonds and 166.6 billion were refinanced bonds. Among the new bonds, general bonds and special bonds were issued 50.9 billion yuan and 69.3 billion yuan respectively. As of the end of April, local government bonds issued 1.9 trillion yuan.

　　Affected by the epidemic, most provinces are unable to arrange personnel to travel for debt issuance on-site operations. In order to reduce the flow of personnel and avoid cross-infection, the Ministry of Finance operates in Beijing as an agent to solve the difficulty of local debt issuance during the epidemic, which effectively protects the place Progress of bond issuance. As of the end of April, local bonds were issued by RMB 189.73 billion in 2020, including newly added bonds of RMB 1.6626 trillion and refinanced bonds of RMB 234.7 billion. New bond issuance has completed 58.4% of the central advance quota (2.848 trillion yuan), of which general bonds are 510.4 billion yuan, 91.5% of the central advance credit quota (558 billion); special bonds of 1152.2 billion yuan have completed the central advance quota 50.3% (2.29 trillion yuan). The average issuance rate of local bonds is 3.31%, down 16 basis points from 2019; the average issuance period is 15.5 years, an increase of 5.2 years from 2019.

　　Approved by the State Council and filed with the National People's Congress Standing Committee in accordance with law, the Ministry of Finance issued the third batch of new special bond quotas of 1 trillion yuan for local governments in 2020 at the end of April, and preparations for issuance have been initiated in various regions. In the next step, the Ministry of Finance will resolutely implement the decision of the Politburo meeting on accelerating the issuance and use of local government special bonds, make every effort to ensure the smooth and smooth issuance of local bonds, and play the key role of local bonds in “six stability” and “six guarantees”. Promote a proactive fiscal policy to be more active and promising, and strive to achieve the annual economic and social development goals and tasks.