As of the end of June 2022, the balance of local government debt in the country was 34750.3 billion yuan

China Economic Net, Beijing, July 27. According to the website of the Ministry of Finance, as of the end of June 2022, the balance of local government debt in the country was 34750.3 billion yuan, which was controlled within the limited amount approved by the National People's Congress.

1. The issuance of local government bonds in the country

(1) The issuance of the month.

In June 2022, 1576.5 billion yuan of new bonds issued nationwide, of which 204.1 billion yuan in bonds and 137.24 billion yuan in special bonds. 357.2 billion yuan in re -financing bonds issued nationwide, of which 238.3 billion yuan in general bonds and 118.9 billion yuan in special bonds. In total, 1933.7 billion yuan of local government bonds issued nationwide, of which 442.4 billion yuan in bonds and 1491.3 billion yuan in special bonds.

In June 2022, the average issuance period of local government bonds was 14.8 years, of which 8.1 years of general bonds and 16.8 years of special bonds.

In June 2022, the average issuance interest rate of local government bonds was 3.08%, of which 2.87%were general bonds and 3.14%of special bonds.

(2) Published from January to June.

From January to June 2022, 4021 billion yuan of new bonds issued nationwide, of which 614.8 billion yuan in general bonds and 3406.2 billion yuan for special bonds. The country issued 1229.2 billion yuan in re -financing bonds, of which 716.9 billion yuan in general bonds and 512.3 billion yuan in special bonds. In total, 5250.2 billion yuan of local government bonds issued nationwide, of which 1331.7 billion yuan in general bonds and 3918.5 billion yuan in special bonds.

From January to June 2022, the average issuance period of local government bonds was 14.1 years, of which 8.2 years of general bonds and 16.1 years of special bonds.

From January to June 2022, the average issue interest rate of local government bonds was 3.08%, of which 2.89%of the general bonds and 3.14%of special bonds.

(3) The principal and interest should be repaid from January to June.

From January to June 2022, local government bonds repaid 969.9 billion yuan in principal, of which 842.7 billion yuan of re-financing bond repaid the principal of the issuance bond repayment of 127.2 billion yuan. In June, the principal was repaid 434.3 billion yuan.

From January to June 2022, local government bonds paid 511.9 billion yuan in interest. Among them, the interest of local government bonds paid 118.1 billion yuan in June.

2. The balance of local government debt in the country

After review and approval of the fifth meeting of the 13th National People's Congress, the national government debt limit for 2022 was 37647.430 billion yuan, of which the general debt limit was 15828.922 billion yuan, and the special debt limit was 21818.508 billion yuan.

As of the end of June 2022, the balance of local government debt in the country was 34750.3 billion yuan, which was controlled within the limited amount approved by the National People's Congress. Among them, the general debt was 14485.8 billion yuan, the special debt was 2026.45 billion yuan; the government bonds were 3458.81 billion yuan, and the government bonds were 162.2 billion yuan in government debt.

As of the end of June 2022, the remaining average of local government bonds was 8.4 years, including 6.2 years of general bonds and 9.9 years of special bonds; the average interest rate was 3.44%, of which 3.44%of the average bonds and 3.43%of special bonds.

Note: 1. Some data decimal bits are collected by four houses and five.

2. Annual execution of local government debt balances are local statistics.

3. Local government bond issuance data shall be based on the day statistics of the provincial government's successful issuance of local government bonds.

4. Local government bond paying interest data is based on bonds.

5. The balance of local government bonds has changed compared with last month. It was mainly issued by the local government bonds accordingly within 2022 new local government debt limits approved by the State Council.

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