Xinhua News Agency, May 26, the third meeting of the standing Committee of the 16th Beijing Municipal people's Congress examined and approved the city's new local government debt limit and municipal budget adjustment plan for 2023, and the meeting examined and approved the city's new local government debt limit of 111.7 billion yuan in 2023. In addition to the additional local government debt limit of 53.7 billion yuan, which has been included in the draft budget at the beginning of the year, this budget adjustment proposes to increase the new debt limit by 58 billion yuan. The new government bonds focus on the capital's high-quality development.