The NDRC said that, overall, debt levels were under control, but it would take measures to keep debt down, including allowing local government financial companies to issue bonds to replace some existing short-term debt that has high interest rates, and encouraging private capital into infrastructure projects.
It will also step up spot checks on local government financing vehicles.
In a New Year message on the bank's website, www.pbc.gov.cn, People's Bank of China Governor Zhou Xiaochuan said monetary policy would be more pre-emptive and coordinated next year.
"We will vigorously promote financial reform, accelerate financial innovation to maintain financial stability, improve financial services and management to support the economic development and adjust the economic structure," Zhou said.
(Read more: China's $3 trillion government debt stirs alarm)
His comments supplement earlier ones from the bank after its fourth-quarter monetary policy committee meeting that China will achieve reasonable growth in credit and social financing while keeping appropriate liquidity to support growth.
The central bank has not found its part in the reform process easy, having tried to cut the cash in the system to rein in bank lending in a move that caused credit crunches in June and December.
(Read more: China's bad-loan skeletons to haunt markets)
The central bank said separately on Tuesday it had added 70 billion yuan ($11.6 billion) worth of three-day bills into China's money markets on Nov. 18 via short-term liquidity operations.
Also on Tuesday, the central bank announced rules for financial institutions issuing asset-backed securities, saying they must keep atleast 5 percent of the securities themselves to prevent risk.
In a further announcement, it said that as part of its ongoing interest-rate reforms, qualified banks would be able to allow their branches to issue certificates of deposits in future.