China News Service, September 26. The Ministry of Finance website announced on the 26th the issuance of local government bonds and debt balances in August.
In August 2021, 879.7 billion yuan of local government bonds will be issued nationwide.
Among them, the issuance of general bonds was 243.7 billion yuan, and special bonds were 636 billion yuan; by purpose, new bonds were issued 591 billion yuan, and refinancing bonds were issued 286.7 billion yuan.
Issuance of local government bonds nationwide
——The issuance of the current month.
In August 2021, 879.7 billion yuan of local government bonds will be issued nationwide.
Among them, the issuance of general bonds was 243.7 billion yuan, and special bonds were 636 billion yuan; by purpose, new bonds were issued 591 billion yuan, and refinancing bonds were issued 286.7 billion yuan.
In August 2021, the average issuance period of local government bonds is 12.6 years, including 7.6 years for general bonds and 14.5 years for special bonds.
In August 2021, the average interest rate of local government bonds is 3.22%, of which 3.05% for general bonds and 3.28% for special bonds.
——Issues from January to August.
From January to August 2021, local government bonds will be issued nationwide at 4,877.6 billion yuan.
Among them, the issuance of general bonds was 2102.0 billion yuan, and special bonds were 2.775.6 billion yuan; by purpose, new bonds were issued 2,476.3 billion yuan, and refinancing bonds were issued 2401.3 billion yuan.
From January to August 2021, the average issuance period of local government bonds is 11.0 years, including 7.8 years for general bonds and 13.4 years for special bonds.
From January to August 2021, the average interest rate of local government bonds is 3.39%, of which 3.30% for general bonds and 3.45% for special bonds.
——Repayment of principal and interest from January to August.
From January to August 2021, local government bonds are due to repay the principal of 2,065.6 billion yuan.
Among them, the principal repayment due in August was 396.3 billion yuan.
Issued refinancing bonds to repay the principal amount of 1,725.8 billion yuan, and arranged fiscal funds to repay the principal amount of 339.8 billion yuan.
From January to August 2021, local government bonds will pay 646 billion yuan in interest.
Among them, the local government bonds paid 114.7 billion yuan in interest in August.
The balance of local government debts nationwide
After deliberation and approval at the Fourth Session of the Thirteenth National People's Congress, the national local government debt limit in 2021 is 33277.43 billion yuan, of which the general debt limit is 15.10892 billion yuan and the special debt limit is 18,168,508 million yuan.
As of the end of August 2021, the balance of local government debt across the country was 28,843.1 billion yuan, within the limit approved by the National People's Congress.
Among them, general debt is 135.83 trillion yuan, special debt is 14.8838 trillion yuan; government bonds are 28,288.4 billion yuan, and government debt in the form of non-government bonds is 174.7 billion yuan.
As of the end of August 2021, the average remaining life of local government bonds is 7.4 years, including 6.4 years for general bonds and 8.3 years for special bonds; the average interest rate is 3.52%, including 3.51% for general bonds and 3.52% for special bonds.