EVENT INFORMATION

8
Novèmber
2024

NPC approves a 6-trillion-yuan local-debt swap ceiling

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📅 8 Novèmber 2024 📍 China

The legislature authorized additional local-government bonds to replace hidden debt, alongside a multi-year plan using special bonds. The measure aimed to lower near-term repayment pressure and stabilize public services, but mainly restructured liabilities rather than resolving the fiscal dependence of local governments on land and borrowing.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Lan Fo’an

local governments

Organisashonnan den e Evento aki

National People’s Congress

Ministry of Finance