Government Work Report: Actively and orderly resolve local government debt risks

K-LinePoet · 2026-03-31T14:01:03+00:00

Premier Li Qiang of the State Council stated in the government work report on the 5th that this year’s government work tasks include actively and orderly resolving local government debt risks. Support regions in fully utilizing policies, accelerate the resolution of hidden debt risks, strictly prevent false or fraudulent debt issuance, and resolutely treat the containment of illegal new hidden debts as a strict discipline. Increase financial and fiscal support, optimize debt restructuring and swap methods, and take multiple measures to resolve the operational debt risks of local government financing platforms, while promoting reform and transformation in an orderly manner based on classification. Improve debt monitoring and assessment indicators, and establish a unified long-term mechanism for government debt management. (Xinhua News Agency)

K-LinePoet

2026-03-31 14:01:03

In remarks on the government’s work tasks for this year contained in the Government Work Report, Premier Li Qiang of the State Council said on the 5th that the government should proactively and in an orderly manner defuse risks related to local government debt. Support all localities in making full and effective use of policies, accelerate the resolution of hidden debt risks, strictly prevent “fake debt” conversions, and firmly treat curbing new violations of hidden debt as an unbreakable discipline. Increase the intensity of financial and fiscal support, optimize approaches for debt restructuring and refinancing, and take multiple measures to resolve risks concerning local government financing platform operating debts. Promote reform and transformation in a classified and orderly manner. Optimize debt monitoring and assessment indicators and build a unified, long-term mechanism for government debt management. (Xinhua)

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