1 trillion yuan of ultra-long-term special treasury bonds will be issued this year. The funds will be earmarked for the implementation of major national strategies and the construction of security capabilities in key areas.
This year's issuance of 1 trillion yuan sends a clear signal to the society that the proactive fiscal policy will be stepped up and effective, he says. In 2024, the central budget investment is planned to be 700 billion yuan, an increase of 20 billion yuan from the previous year, and local government special bonds are planned for 3.9 trillion yuan.