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The Ministry of Finance has issued a quota of 1 trillion yuan for some new special debts in 2020 in advance

Source: Ministry of Finance Release time: 2019-11-29

In order to implement the decision-making and deployment of the Party Central Committee and the State Council, speed up the progress of the issuance and use of special bonds by local governments, and promote effective investment support to supplement shortfalls and expand domestic demand, according to the deliberations of the 7th Session of the 13th National People's Congress Standing Committee, with the consent of the State Council, Recently, the Ministry of Finance has earlier issued a quota of 1 trillion yuan for some new special debt in 2020, accounting for 47% of the 2.15 trillion yuan of new special debt for the year of 2019, which is controlled within the scope authorized by law. At the same time, all localities are required to implement the special bond quota as soon as possible to specific projects, and to do a good job in the issuance and use of special bonds. Early issuance and early use ensure that it can be used early next year to see results, and ensure the formation of physical workload as soon as possible. Pull.

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