日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Make me your Homepage
left corner left corner
China Daily Website

Local govt debt is 'controllable'

Updated: 2013-09-05 07:23
By Zheng Yangpeng ( China Daily)

China's Finance Minister Lou Jiwei on Wednesday called the scale of the nation's local government debt controllable, adding the growth of debt was slowing, and the risk of default was "not that great".

He admitted local governments do face "relatively big" debt problems, especially those that previously saw very rapid revenue growth.

"They thought they would have money forever, so they took the risk of borrowing," Lou said in an interview with China Central Television. "For a period of time, their fiscal revenue grew 50 percent. They thought the growth would be 50 percent for the next five years, so they spent the money first."

He said China will improve its supervision of how local governments use money raised through bond sales. The funds should only be used for expenditure on construction. They should not be used for day-to-day expenses because doing so would be a "dead end", he said.

Local governments that borrowed money for projects which are now generating good cash flow should use that income to pay off debt, Lou said. China may use fiscal revenues to pay back some local government debt accumulated to provide for the "public good", he said.

Lou's remarks echoed earlier comments by President Xi Jinping, who said during an official visit to Central Asian countries that the government is able to deal with problems of local debt.

Lou's comments on the government debt situation corresponded with an earlier report by the Development Research Center of the State Council, a think tank under the cabinet, which concluded a government debt bubble is unlikely to burst in the short term.

The report said by using conservative calculations, government debt as a proportion of gross domestic product would reach 26 percent by 2020. Under a high-risk scenario, the figure would be 30 percent, still within the margins of safety.

As concern over local government debt has increased, the State Council in July ordered the National Audit Office to conduct a new survey of all government financial obligations. Results are not yet available.

In 2011, the office carried out an audit across the country and concluded local government debt stood at 10.7 trillion yuan ($1.75 trillion) at the end of 2010. There has been no official nationwide survey since, but local debt is believed to have surged in the following years, after a government spending boom.

 
8.03K
 
...
主站蜘蛛池模板: 欧美一区二区三区不卡免费 | 亚洲AV无码色情第一综合网 | 久草网在线观看 | 在线播放国产精品 | 国产一毛片 | 99这里有精品 | 久久久国产视频 | 免费一级欧美性大片 | 亚洲高清一区二区三区 | 六月天色婷婷 | 亚洲综合图片人成综合网 | 色在线视频播放 | 毛片特级 | 久草福利在线视频 | 亚洲一区视频在线 | 国产区免费在线观看 | 青青草原在线视频免费观看 | 国产在线精品一区二区夜色 | 欧美日韩视频在线第一区 | 波多野结衣办公室33分jian情 | 日本黄页网站在线观看 | 久草在线视频资源站 | 亚洲成av人片在线观看 | 亚洲一区二区三区在线 | 黄色免费网页 | 久久久精品日本 | 狠狠色依依成人婷婷九月 | 老司机免费福利视频无毒午夜 | 亚洲国产日韩a在线亚洲 | 我要看欧美一级毛片 | 欧美两性人xxxx高清免费 | 片一级片在线观看 | 亚洲午夜av | 国产一区二区视频在线观看 | 日本欧美不卡一区二区三区在线 | 日本福利一区二区 | 久久精品欧美一区 | 亚洲国产中文字幕 | 国产亚洲一级精品久久 | 一区二区欧美在线 | 精品综合网 |