The Ministry of Finance and other six departments: It is strictly forbidden to borrow illegally for municipal infrastructure assets with no or insufficient income, and hidden debts must not be increased

On August 26th, the Ministry of Finance and other six departments formulated and issued the "Measures for the Administration of Municipal Infrastructure Assets (for Trial Implementation) ". The measures emphasize that municipal infrastructure assets invested and constructed by the government shall strictly perform the capital construction approval procedures in accordance with the law, implement the sources of funds, strengthen budget constraints, and prevent government debt risks. It is strictly forbidden to borrow illegally and illegally for municipal infrastructure assets that have no income or insufficient income, and hidden debts shall not be increased. The paid use income generated during the management and protection of municipal infrastructure constructed by issuing local government special project bonds shall be used to repay the principal and interest of the local government special project bonds of the corresponding projects according to regulations, and shall not be diverted for other purposes.