Expert: The scale of the new round of debt replacement may reach 60 trillion to 100 trillion yuan

Experts predict that the scale of the new round of local government debt replacement will reach between 60 trillion and 100 trillion yuan to alleviate local fiscal pressure. The Ministry of Finance plans to increase the debt ceiling, promote the transformation of implicit debt into explicit debt, and local governments can issue "replacement bonds" and "special additional special bonds." This move aims to address the pressure brought by the slowdown in fiscal revenue growth and the decline in land transfer income, helping local governments concentrate resources on economic development and ensuring people's livelihoods