Ministry of Finance Allocates 550 Billion Yuan in Local Government Debt Balance for County-Level Budget Support and Investment

Today (the 9th), the Ministry of Finance announced it has recently allocated 550 billion yuan from the local government debt balance limit to enhance county-level general public budget capacity and support local expansion of effective investment. Of the 550 billion yuan allocated, 300 billion yuan in general debt balance is distributed exclusively to counties for improving their general public budget security and supporting better local development; 250 billion yuan in special debt balance is assigned to regions with actual project funding needs in the fourth quarter of this year, with a tilt toward major economic provinces. This supports priority funding for ongoing projects in these areas, while new projects focus on key fields such as the "Six Networks" construction to effectively leverage government investment. The Ministry will guide and urge localities to better coordinate project reserves with bond issuance, accelerate issuance pace, streamline payment channels, and quickly form physical work output to ensure policies land early and show results promptly. (CCTV News)