China News Service, November 23. According to the website of the Ministry of Finance, in October 2021, 876.1 billion yuan of local government bonds will be issued nationwide.

As of the end of October 2021, the balance of local government debt across the country was 296549 trillion yuan, which was controlled within the limit approved by the National People's Congress.

　1. The issuance of local government bonds nationwide

　　(1) Issuance in the current month.

　　In October 2021, 876.1 billion yuan of local government bonds will be issued nationwide.

Among them, the issuance of general bonds was 232 billion yuan and special bonds were 644.1 billion yuan; by purpose, new bonds were issued 614.5 billion yuan, and refinancing bonds were issued 261.6 billion yuan.

　　In October 2021, the average issuance period of local government bonds is 13.5 years, including 7.5 years for general bonds and 15.6 years for special bonds.

　　In October 2021, the average interest rate of local government bonds issued was 3.35%, of which general bonds were 3.15% and special bonds were 3.42%.

　　(2) Issuance from January to October.

　　From January to October 2021, 6491.6 billion yuan of local government bonds will be issued nationwide.

Among them, the issuance of general bonds was 2,470.5 billion yuan, and the issuance of special bonds was 4,021.1 billion yuan; by purpose, new bonds were issued 3662.5 billion yuan, and refinancing bonds were issued 2,289.1 billion yuan.

　　From January to October 2021, the average issuance period of local government bonds is 11.6 years, including 7.7 years for general bonds and 13.9 years for special bonds.

　　From January to October 2021, the average interest rate of local government bonds is 3.37%, of which 3.27% for general bonds and 3.42% for special bonds.

　　(3) The repayment of principal and interest from January to October.

　　From January to October 2021, local government bonds are due to repay the principal of 24,477.7 billion yuan, of which the refinancing bonds are issued to repay the principal of 2,139.7 billion yuan, and fiscal funds are arranged to repay the principal of 358 billion yuan.

The principal repayment due in October was 179.5 billion yuan.

　　From January to October 2021, local government bonds paid 811.9 billion yuan in interest.

Among them, in October, local government bonds paid 62.2 billion yuan in interest.

2. 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 October 2021, the balance of local government debt across the country was 296549 trillion yuan, which was controlled within the limit approved by the National People's Congress.

Among them, general debt is 13,754.9 billion yuan, special debt is 15.9 trillion yuan; government bonds are 29,948.2 billion yuan, and government debt in the form of non-government bonds is 174.7 billion yuan.

　　As of the end of October 2021, the remaining average life of local government bonds is 7.7 years, including 6.4 years for general bonds and 8.8 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.51% for special bonds.