the local fiscal revenue growth is not optimistic

Xinhua News Agency

Zhao Naiyu

5 late last month, the Ministry of Finance issued a notice, approved by the State Cheap 13-14 Womens Soccer Club Jerseys Council in 2014, Shanghai, Zhejiang, Guangdong, Shenzhen, Jiangsu, Shandong, Beijing, Jiangxi, Ningxia, Qingdao and other 10 provinces and cities in the pilot of local government bonds is also. Aiming at the problem of local government debt concern, the pilot to establish a standard of local government debt financing mechanism has what meaning? How do the controllable risks? In this connection, the reporter interviewed relevant experts.

local debt "barbaric growth", the pilot is expected to "ice breaking"

actually, on whether to allow local governments to issue bonds the long-standing debate in the market, the focus is on risk prevention.

2007 years later, is the local debt scale expansion period, the local debt from less than 5 yuan jumped to 2013 at the end of 17.89 yuan. The local government for the achievements of blind impulse, debt, and "borrow no matter also" phenomenon, the existence of a large number of in the local area. "The wanton growth of local debt expansion trend worrying. This year, some 2.4 trillion yuan local debt maturity. With the approach of the repayment period, no matter what level of local government, concentrated repayment risk is be triggered at any moment." Economic Forecast Department of the state Cheap Fiorentina Jerseys information center director Zhu Baoliang said.

"the pilot measures introduced, will reduce the risk of local financing platform from a certain extent, the debt after the extension, stable economic growth." The Ministry of Finance wealth baijingming deputy director branch told reporters, "local government bonds in 2014 of spontaneous self also pilot approach" clearly, spontaneous self also pilot area in the State Council approved the issuing scale limits, to organize the local government bond issuance, the payment of interest and repayment of money mechanism. "The local government bond is also beneficial for local government to raise funds, according to the actual situation in the region, and make a repayment plan and schedule." Bai Jingming points out, the central finance "escort", local governments become Cheap Atletico Nacional Medellin Jersey the debtor debt, liability subject and use of the Fund subject more clearly. "This also means that, the local government in greater autonomy at the same time, also should take more responsibility." Bai Jingming said.

Zhu Baoliang thinks, the pilot can alleviate the financing platform for enterprises caused by the high cost of financing and the maturity mismatch, resolve the debt risk.

control risk, included in the budget management of

"at present, our country is in the urbanization and infrastructure construction peak, money demand. To ensure that the risk is under control, Cheap Feyenoord Jerseys the local government debt financing is reasonable and appropriate." Wang Yongjun, Dean of Central University of Finance and Economics Finance Research Institute said.

"local debt reform, has a very positive significance for the current China economic reform." Bai Jingming points out, because GDP growth is slowing, the local fiscal revenue Cheap Santos Jerseys growth is not optimistic, to help local out of "money is tight" predicament and financial dependence on land, the local debt have a heavy responsibility. "Without a doubt, infrastructure construction is pilot will help the pilot areas, but >