On February 22, the State Council Information Office held a press conference.
Minister of Finance Liu Kun said at the press conference that the reasonable arrangement of special bonds for local governments has been issued in advance of 1.46 trillion yuan by the end of 2021, and the issuance of 484.4 billion yuan will be completed in January 2022, accounting for 1/3 of the quota issued in advance. In key areas such as transportation, municipal administration, industrial park infrastructure, and affordable housing projects.
Liu Kun said that in fact, some of the funds issued by local governments to issue special bonds will be reserved for 2022 at the end of 2021.
Therefore, many new projects are under construction in various places, and quite a number of projects use funds from local government special bonds.
(Reporter Lang Jiahui)
Responsible editor: [Cheng Chunyu]