The national debt balance at the end of November was 21.33 trillion
Source: China News Agency Release time: 2019-12-27
According to the website of the Ministry of Finance, on December 26, the Ministry of Finance issued the "Issuance of Local Government Bonds and Debt Balance in November 2019", which showed that as of the end of November 2019, the national government debt balance was 21.33 trillion yuan, which was controlled by the National People's Congress. Within approved limits. Data show that in November 2019, 45.789 billion yuan of local government bonds were issued nationwide. Among them, 23,065 million yuan of general bonds were issued, and 22.724 billion yuan of special bonds were issued. According to purpose, unissued new bonds, replacement bonds and refinancing bonds were issued (used to repay the principal of local government bonds due, the same below) 457.89 100 million yuan. In November 2019, the average maturity of local government bonds was 16.07 years. In November 2019, the average issuance rate of local government bonds was 3.66%. Data show that from January to November 2019, national government bonds were issued at a rate of 4.32 trillion yuan. Among them, 1.77 trillion yuan of general bonds were issued and 2.55 trillion yuan of special bonds were issued. According to the purpose, 3.04 trillion yuan of new bonds were issued (including 907 billion yuan of new general bonds and 2.297 trillion yuan of new special bonds). Replacement bonds and refinancing bonds amounted to 1.29 trillion yuan. From January to November 2019, the average maturity of local government bonds is 10.2 years, of which 12.1 years are general bonds and 8.9 years are special bonds. From January to November 2019, the average issuance rate of local government bonds was 3.47%, of which general bonds were 3.53% and special bonds were 3.42%. The data also shows that from January to November 2019, the local government bond maturity repayment principal was 1.28 trillion yuan. Among them, the refinancing bonds were issued to repay the principal of 1.10 trillion yuan, and financial funds were arranged to repay the principal of 186.2 billion yuan. From January to November 2019, local government bonds paid 628.4 billion yuan in interest. The Ministry of Finance pointed out that after the review and approval of the second meeting of the Thirteenth National People's Congress, the local government debt limit in 2019 was 24.08 trillion yuan. Among them, the general debt limit is 13.31 trillion yuan, and the special debt limit is 10.77 trillion yuan. According to the Ministry of Finance, as of the end of November 2019, the national government debt balance of 21.33 trillion yuan was controlled within the limits approved by the National People's Congress. Of which, general debt was 11.88 trillion yuan, special debt was 9.45 trillion yuan, government bonds were 21.11 trillion yuan, and government debt in the form of non-governmental bonds was 219 billion yuan. The average remaining life of local government bonds is 5.0 years, including 5.0 years for general bonds and 5.1 years for special bonds; the average interest rate is 3.54%, of which 3.54% is general bonds and 3.53% is special bonds.