Ministry of Finance: From January to July, the national issuance of new local government bonds amounted to 2.1459 trillion yuan.

On August 30th, according to data from the Ministry of Finance, in July 2024, the national issuance of new bonds amounted to 320 billion yuan, with general bonds at 38.5 billion yuan and special bonds at 281.5 billion yuan. The national issuance of refinancing bonds totaled 390.8 billion yuan, with general bonds at 178 billion yuan and special bonds at 212.8 billion yuan. In total, the national issuance of local government bonds was 710.8 billion yuan, with general bonds at 216.5 billion yuan and special bonds at 494.3 billion yuan. From January to July 2024, the national issuance of new local government bonds amounted to 214.59 billion yuan, with general bonds at 371 billion yuan and special bonds at 177.49 billion yuan. The national issuance of refinancing bonds reached 205.77 billion yuan, with general bonds at 88.99 billion yuan and special bonds at 116.78 billion yuan. The total issuance of local government bonds in the country was 420.36 billion yuan, with general bonds at 126.09 billion yuan and special bonds at 294.27 billion yuan. As of the end of July 2024, the remaining balance of local government debt in the country was 4.28009 trillion yuan. This included general debt at 1.62425 trillion yuan, special debt at 2.65584 trillion yuan; government bonds at 4.26347 trillion yuan and non-government bonds in the form of government debt at 1.662 trillion yuan. The average remaining term of local government bonds as of the end of July 2024 was 9.3 years, with general bonds at 6.2 years and special bonds at 11.2 years; and the average interest rate was 3.18%, with general bonds at 3.17% and special bonds at 3.18%. This article is compiled from the Ministry of Finance, edited by GMTEight: Chen Xiaoyi.