Local budget adjustment reports have been approved one after another with 1.9 trillion local bonds ready to be issued.

FIFA, 5 Jun (FIFA)-- after the second batch of local debt quota was issued in 2023, budget adjustments have been carried out intensively in many places recently. According to the reporter's statistics, as of June 5, more than 10 provinces, including Beijing, Anhui, Fujian and Shanxi, have completed budget adjustments. After the budget adjustment, after the local governments decompose a new batch of quotas into cities and counties and match the projects, a new batch of local bonds will be issued one after another. According to previous reports, the second batch of local debt lines in 2023 was issued to the provincial financial department in mid-May. Theoretically, the maximum amount that can be issued in this batch is about 1.9 trillion, including 300 billion for general debt and 1.6 trillion for special debt. (21 Finance)