www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 成年人免费网站视频 | 美女张开腿让男人桶下面 | 亚洲第一区香蕉_国产a | 久久精品中文字幕一区 | 日韩视频在线观看一区 | 久久一级毛片 | 欧美一级毛片黄 | 国产精品短视频免费观看 | 国产婷婷一区二区在线观看 | 亚洲欧洲一区 | chinese性老妇中国 | 欧美午夜精品久久久久久黑人 | 久久精品三级视频 | 国产成人亚洲毛片 | 妖精www成人动漫在线观看 | 一男一女的一级毛片 | 国产精品情侣久久婷婷文字 | 国产精品手机在线亚洲 | 一级做a爰片久久毛片免费看 | 亚洲成a人片在线v观看 | 亚洲影院手机版777点击进入影院 | 欧美一级别 | 欧美一区二区视频在线观看 | 香蕉久久网站 | 91精品国产手机 | 国产亚洲精品成人一区看片 | 欧美日韩在线观看一区 | 最新国产精品自拍 | 久久久久久久久久免免费精品 | 一级特黄国产高清毛片97看片 | 欧美日韩在线国产 | 亚洲精品资源网在线观看 | 日韩成人在线视频 | 国产成人免费视频精品一区二区 | 久久久久国产一级毛片高清片 | 欧美高清在线视频在线99精品 | 9lporm自拍视频在线 | 99久久99久久久精品久久 | 久久99亚洲精品久久 | 亚洲精品国产精品国自产 | 亚洲精品一区二区三区第四页 |