According to the data released by the Ministry of Finance on November 26, after the Standing Committee of the National People's Congress approved an increase of 6 trillion yuan in the local government debt ceiling, the new limit for local government special debt in 2024 increased from 3.9 trillion yuan to 9.9 trillion yuan. By the end of 2024, the adjusted limit for local government special debt will be 35.5 trillion yuan. (CCTV News)
2024年地方政府专项债务新增限额调整为9.9万亿元
In 2024, the adjustment of the new limit of local government special debt is 9.9 trillion yuan.
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