China News Service, Beijing, August 19 (Reporter Zhao Jianhua) This year, China has accelerated the issuance and use of local government special bonds, which has achieved obvious effects on investment, and the risk of repayment on schedule is controllable.

　　The Ministry of Finance of China announced on the 19th that from January to July 2022, a total of 3.47 trillion yuan of new special bonds (including part of the 2021 carry-over quota) (including RMB, the same below) have been issued by local governments across the country for special bonds for project construction. The bond quota has been basically issued.

Mainly used for municipal construction and industrial park infrastructure, social undertakings, transportation infrastructure, affordable housing projects, agriculture, forestry and water conservancy and other key areas.

　　From January to July, all localities have arranged more than 250 billion yuan of special bond funds to be used as capital for major projects such as railways, toll roads, trunk airports, etc., which have actively played the role of government investment in "four liang allocations" and played a role in driving the expansion of effective investment. played an important role.

　　In accordance with relevant policies and regulations, special bonds are repaid through local government fund income and special income, and refinancing bonds are allowed to be issued for eligible projects to repay the principal due.

According to the Ministry of Finance, as of the end of July, the principal of 533.2 billion yuan of special bonds that have expired this year has been repaid in full and on schedule, and the repayment risk is controllable.

　　The Ministry of Finance said that in the next step, it will guide local governments to make good use of government special bond funds, make full use of the relatively small window period of local government bond issuance, and complete the finalization of the issuance of new special bonds in 2022.

Accelerate the use of special bond funds, and in accordance with the requirements of "zero tolerance", urge local governments to speed up the management of special bond projects, and effectively prevent special bond risks.

At the same time, study and guide local governments to make full use of the special debt limit, revitalize the debt limit space in accordance with the law, and play an effective investment role.

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