[The Ministry of Finance arranges to use 550 billion yuan of local government debt balance limit] October 9th, reporters learned from the Ministry of Finance today (9th) that the Ministry of Finance has recently arranged to use 550 billion yuan of local government debt balance limit to improve counties and districts’ general public budget security capabilities and support local governments to expand effective investment. Of the 550 billion yuan local government debt balance limit issued to local governments, 300 billion yuan of the general debt balance limit will be allocated to counties and districts for use specifically to improve the general public budget guarantee capabilities of counties and districts and support better local development; the special debt balance limit of 250 billion yuan will be allocated to regions with actual project funding needs in the fourth quarter of this year, tilting towards economically large provinces and supporting relevant regions to prioritize funding needs for projects under construction. New projects focus on key areas such as the construction of "six nets" to effectively play the leading role of government investment. The Ministry of Finance will guide and urge localities to better connect project reserves and bond issuance, speed up the pace of issuance, smooth the allocation chain, form physical workload as soon as possible, and promote early implementation and early effect of policies. (CCTV News)