The Ministry of Finance will continue to advance the new local government debt limit for 2026
2025-10-17 07:31:50
On October 17, Li Dawei, a first-level inspector of the Budget Department of the Ministry of Finance and director of the Government Debt Research and Evaluation Center, said that this year, the Ministry of Finance will continue to issue the new local government debt limit in 2026 in advance. There are three main considerations: first, in terms of work progress, hurry up the implementation of relevant procedures and issue the limit as soon as possible; second, in terms of project arrangement, the quota issued in advance will focus on supporting major strategic projects determined by the Party Central Committee and the State Council; third, in terms of the direction of use, in addition to the construction of eligible projects, the quota issued in advance will continue to support all localities to resolve existing hidden debts and resolve government arrears in enterprise accounts according to regulations, so as to promote the smooth operation of local finance.
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