Special government debt refers to the credit certificate for local governments to raise funds according to the credit principle, that is, the creditor's rights issued by local governments and public institutions, including special bonds of local governments and special debts in the form of non-bonds identified after cleaning and screening.

legal ground

"Local government special debt budget management measures" second

The special debts of local governments as mentioned in these Measures (hereinafter referred to as special debts) include special bonds of local governments (hereinafter referred to as special bonds) and stock special debts in the form of non-local government bonds as of 20 14 12 3 1 (hereinafter referred to as non-bond special debts).

essay

Special debt income, arranged expenditure, debt service and issuance expenses are included in the budget management of government funds.

Article 4

Special debt income is raised by issuing special bonds.