Chinanews.com, December 23. The Ministry of Finance website announced on December 23 local government bond issuance and debt balances in November 2020.
As of the end of November 2020, the balance of local government debt across the country was 25,559.5 billion yuan, within the limit approved by the National People's Congress.
Data show that in November 2020, 138.4 billion yuan of local government bonds will be issued nationwide.
Among them, 89.3 billion yuan was issued for general bonds and 49.1 billion yuan for special bonds; according to the purpose, no new bonds were issued, and 138.4 billion yuan was issued for refinancing bonds.
In November 2020, the average issuance period of local government bonds was 12.3 years, including 14.2 years for general bonds and 8.7 years for special bonds.
The average interest rate of local government bonds is 3.58%, of which 3.64% for general bonds and 3.48% for special bonds.
In addition, from January to November 2020, 6.2602 billion yuan of local government bonds will be issued nationwide.
Among them, the issuance of general bonds was 2,230.5 billion yuan, and the issuance of special bonds was 4,099.7 billion yuan; by purpose, new bonds were issued 4,454.5 billion yuan, and refinancing bonds were issued 1,765.7 billion yuan.
From January to November 2020, the average issuance period of local government bonds is 14.8 years.
Among them, 15.0 years for general bonds and 14.8 years for special bonds.
The average issuance rate of local government bonds is 3.40%.
Among them, 3.34% of general bonds and 3.43% of special bonds.
From January to November 2020, local government bonds are due to repay the principal of 200.5 billion yuan.
Among them, the principal repayment due in November was 386.3 billion yuan.
Issued refinancing bonds to repay the principal amount of 1,758.5 billion yuan, and arranged fiscal funds to repay 252 billion yuan in principal.
From January to November 2020, local government bonds paid 762.3 billion yuan in interest.
Among them, 71 billion yuan was paid on local government bonds in November.
Regarding the balance of local government debts across the country, as approved by the Third Session of the Thirteenth National People’s Congress, the national local government debt limit in 2020 is 28807.43 billion yuan, of which the general debt limit is 14.288922 billion yuan and the special debt limit is 14.518508 billion yuan. yuan.
As of the end of November 2020, the balance of local government debt across the country was 25,559.5 billion yuan, within the limit approved by the National People's Congress.
Among them, general debt is 1227127 trillion yuan, special debt is 12,286.8 billion yuan; government bonds are 25,368 billion yuan, and government debt in the form of non-governmental bonds is 191.5 billion yuan.
As of the end of November 2020, the average remaining life of local government bonds is 6.9 years, including 6.3 years for general bonds and 7.5 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.50% for special bonds.