$139 B: China weighs more stimulus with rare bonds https://ift.tt/OBN7bpg is considering a special sovereign bond plan to issue 1 trillion yuan ($139 billion) of new debt. The proposal involves the sale of ultra-long sovereign bonds to fund projects related to food, energy, supply chains, and urbanization. This plan is part of President Xi Jinping's government efforts to shift spending responsibility from local officials to central authorities.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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