Vice Minister of Finance Wang Dongwei: The next step will be to study the expansion of the use of special project bonds

On October 12, Vice Minister of Finance Wang Dongwei said at the press conference of the State Council Information Office that since 2020, our country has arranged a total of 18.70 trillion yuan of new special project bonds. The new special project debt limit will be 3.90 trillion in 2024, which is the largest ever. As of the end of September, new special project bonds will be issued in various places for 3.60 trillion yuan, accounting for 92.5% of the annual quota. The next step will be to study and expand the use of special project bonds, maintain the intensity and rhythm of government investment, and reasonably reduce financing costs.