China News Service, Beijing, August 19 (Reporter Zhao Jianhua) According to data released by the Ministry of Finance on the 19th, as of the end of July 2021, the country has issued 1,8833.3 billion yuan of new local government bonds (RMB, the same below). Bonds amounted to 528.7 billion yuan, and special bonds amounted to 1.3546 billion yuan.
According to the Ministry of Finance, the slowdown in issuance progress compared to last year is mainly due to the return to normal management of special bonds this year, and appropriate relaxation of the issuance time requirements to avoid idle bond funds.
The newly issued special bonds are mainly invested in key areas and major projects determined by the Central Committee of the Communist Party of China and the State Council.
According to preliminary summary, about 50% of the new special bonds issued by local governments across the country from January to July were invested in major projects in the fields of transportation infrastructure, municipal administration and industrial parks; about 30% were invested in affordable housing projects, as well as health, education, elderly care, cultural tourism And other major projects in social undertakings; about 20% are invested in major projects in the fields of agriculture, forestry, water conservancy, energy, and urban and rural cold chain logistics.
The Ministry of Finance stated that the next step will guide local governments to reasonably control the pace of issuance, control funding costs, speed up the use of issued bonds, and form physical workloads as soon as possible to avoid idle bond funds.
The data released by the Ministry of Finance on the same day also showed that from January to July, the national government fund budget revenue was 4696.7 billion yuan, a year-on-year increase of 19.9%.
Among them, the income from the transfer of local state-owned land use rights was 4,140.7 billion yuan, a year-on-year increase of 18%.
(Finish)