Ministry of Finance: our country's government debt ratio is in a reasonable range, the risk is safe and controllable
2025-09-12 08:12:56
Minister of Finance Lan Foan introduced at the series of theme press conferences on "High-quality completion of the 14th Five-Year Plan" held by the State Council Information Office on September 12 that by the end of 2024, our country's total government debt was 92.60 trillion yuan, including national debt 34.60 trillion yuan, local government statutory debt 47.50 trillion yuan, local government implicit debt 10.50 trillion yuan, and the government debt ratio was 68.7%. At the same time, our country's government debt corresponds to a large number of high-quality assets. Overall, our country's government debt ratio is within a reasonable range, and the risks are safe and controllable. (Xinhua News Agency)
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