China News Service, January 25. According to the Ministry of Finance website, as of the end of December 2020, the balance of local government debt across the country was 256615 billion yuan, within the limit approved by the National People's Congress.
Among them, general debt is 12,279.5 billion yuan, and special debt is 12,922 billion yuan.
Data map: Ministry of Finance.
Photo by Kang Yafeng issued by China News Service
The Ministry of Finance announced on the 25th the issuance of local government bonds and debt balances in December 2020.
Data on the issuance of local government bonds across the country shows that in December 2020, 183.6 billion yuan of local government bonds will be issued nationwide.
Among them, 72.8 billion yuan of general bonds and 110.8 billion yuan of special bonds were issued; 58 billion yuan of new bonds were issued, and 125.6 billion yuan of refinancing bonds were issued by purpose.
In December 2020, the average issuance period of local government bonds was 8.2 years, including 6.6 years for general bonds and 9.2 years for special bonds.
In December 2020, the average interest rate of local government bonds is 3.46%, of which 3.40% for general bonds and 3.50% for special bonds.
Secondly, the issuance from January to December is as follows: From January to December 2020, new bonds issued by local governments nationwide amounted to 4552.5 billion yuan, including 950.6 billion yuan for general bonds and 361.9 billion yuan for special bonds.
From January to December 2020, 1891.3 billion yuan of local government refinancing bonds will be issued nationwide.
Among them, 1352.7 billion yuan was issued for general bonds and 538.6 billion yuan for special bonds.
From January to December 2020, the average issuance period of local government bonds is 14.7 years.
Among them, 14.7 years for general bonds and 14.6 years for special bonds.
From January to December 2020, the average interest rate of local government bonds is 3.40%.
Among them, 3.34% of general bonds and 3.44% of special bonds.
Furthermore, the repayment of principal and interest from January to December is as follows: From January to December 2020, local government bonds will repay the principal at maturity of 20757 billion yuan.
Among them, the principal repayment due in December was 65.2 billion yuan.
Issued refinancing bonds to repay the principal amount of 1810.8 billion yuan and arranged fiscal funds to repay the principal amount of 264.9 billion yuan.
From January to December 2020, local government bonds paid 796.3 billion yuan in interest.
Among them, the interest paid on local government bonds in December was 33.9 billion yuan.
In addition, data on the balance of national local government debt shows that the national local government debt limit in 2020 is 28807.43 billion yuan, of which the general debt limit is 14.288922 billion yuan, and the special debt limit is reviewed and approved by the Third Session of the 13th National People’s Congress 145185.508 billion yuan.
As of the end of December 2020, the balance of local government debt across the country was 256615 billion yuan, which was controlled within the limit approved by the National People's Congress.
Among them, general debt is 12,279.5 billion yuan, special debt is 12,922 billion yuan; government bonds are 25,486.4 billion yuan, and the stock of government debt in the form of non-governmental bonds is 175.1 billion yuan.
As of the end of December 2020, the average remaining life of local government bonds is 6.9 years, including 6.3 years for general bonds and 7.5 years for special bonds; the average interest rate is 3.51%, including 3.51% for general bonds and 3.50% for special bonds.