在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

Ministry considers limit on local debt

By Wei Tian (China Daily) Updated: 2012-12-27 09:54

The Ministry of Finance is considering setting a cap on local government debt, a fiscal official said on Wednesday.

The step would be the latest in the country's work to better regulate and improve the structure of local debt, said Zhao Quanhou, head of financial research with the Fiscal Science Research Center, which is affiliated to the Ministry of Finance.

Zhao said efforts to gather detailed information about local government debt are being tested out at the moment.

The program, known as the Government Financial Management Information System, aims to convert "statistical data" released by local authorities into "accounting data", which will be the first step toward establishing a comprehensive management system, he said.

"It will include information on the purpose of items, the source of approval documents and the whereabouts of money."

In setting borrowing limits for local governments, officials will take into account management systems, GDP levels, urbanization and current debts.

"The mechanism is still at the planning stage and has not been made final yet," Zhao said.

A recent report by the State Council's Development and Research Center showed that China's central and local governments had 23.76 trillion yuan ($3.8 trillion) in debts by the end of 2010.

Wei Jianing, who compiled the report, said many of the loans issued in 2009 to battle the global financial crisis are now due. Local debts, in particular, require urgent attention as local authorities see their revenues drop amid a tightening of real estate regulations.

National Audit Office said 42 percent of those debts will come due by the end of 2012, and 53 percent at the end of 2013.

On Tuesday, Guangzhou released data on its local debt, saying the amount stood at 241.4 billion yuan by the end of June.

The city's debt has been decreasing over the past two years. Yet Guangzhou officials are still beset by worries stemming from idle funds and capital flight.

Finance Minister Xie Xuren has called for tougher regulation of local government debt.

Zhao said government debt is now being managed jointly. The National Development and Reform Commission is in charge of approving local projects, banks are responsible for financing and the Ministry of Finance is undertaking various related tasks.

"Government control needs to play a bigger part in the process," he said.

Placing local governments under borrowing limits will force them to consider the best way to allocate the debt they can take on to projects they want to undertake, Zhao said.

weitian@chinadaily.com.cn

 

Related Readings

High local debt levels coming under control

Local debt concerns

China to clean up local govt debt

Local government borrowing up despite curbs

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产成人综合网 | 九一国产精品 | 国产欧美一区二区 | 欧美日韩免费视频 | 欧美一区在线视频 | 国产成人亚洲精品自产在线 | 一区二区三区不卡视频 | 成年视频在线观看 | 日韩视频一区二区三区 | a视频在线观看 | 色女人影院 | 国产精品自拍第一页 | 日韩视频一区二区三区 | 日本不卡一区二区 | 奇米网888| 欧美在线天堂 | 欧美日韩在线一区二区 | 日韩欧美在线播放 | 91黄色免费 | 欧美一级日韩一级 | 日韩激情视频 | 欧美久久精品 | 国产在线高清 | 日本在线一区二区三区 | 久久精品人人 | 国产一级网站 | 中文字幕在线观看网站 | 人人看人人草 | 国产美女一区二区三区 | av在线播放不卡 | 中文久久乱码一区二区 | 色综合久久88色综合天天 | 神马午夜嘿嘿 | 在线观看h片 | 成人av一区二区三区在线观看 | av大片在线观看 | 久久久久网站 | 午夜性福利 | 日韩理论在线 | 91三级视频| 韩日一级片 |