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[Ministry of Finance: Will work hard to advance the release of some new local government debt in 2027] On October 23, Zhao Zeyong, deputy director of the Debt Management Department of the Ministry of Finance, said at a press conference of the Ministry of Finance that in recent years, according to the authorization of the Standing Committee of the National People's Congress and with the consent of the State Council, the Ministry of Finance has released in advance the new local government debt limit for the next year in the fourth quarter of each year within 60% of the new local government debt limit of the year. The Ministry of Finance will work hard to complete the work related to issuing some new local government debts in 2027 in advance.
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