On October 23, Zhao Zeyong, deputy director of the Department of Debt Management of the Ministry of Finance, said at the Ministry of Finance press conference that in recent years, according to the authorization of the Standing Committee of the National People's Congress and with the approval of the State Council, the Ministry of Finance issued new local government debt amounts for the next year ahead of schedule in the fourth quarter of every year within 60% of the new local government debt limit that year. The Ministry of Finance will urgently complete the work relating to the early issuance of some of the new local government debts in 2027.

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