摘要
鉴于地方政府直接举债时机不成熟和特定时期地方财政困难,国务院于2009年决定代发2000元亿地方债。中央代发地方债是中国债券市场建设的一件大事,它对拉动经济增长,改善民生,拓宽融资渠道和提高政府管理能力将起到积极作用。作为过渡时期的债券发行模式,中央代发地方债也可能衍生出相关风险和其他一些问题。防范和化解中央代发地方债的风险和问题,既要健全债务监管体系,又要完善体制,并最终建立规范的地方债体系。
Due to the immature opportunity for issuing local governmental bonds and the unprecedented condition causing local fiscal difficulty, the State Council makes a decision in 2009 to allow local governments to issue 200 billion RMB worth of government bonds through the Ministry of Finance, which will go into provincial budgets. This is an important agenda in the development of bond market in the sense that it is exposed to boost economy, increase social well-being, expand market-financing resources and improve government management. To offset the risks and problems coming from bond issuance by the central government, China should strength debt management, improve relevant system and finally establish a standardized bond market.
出处
《中央财经大学学报》
CSSCI
北大核心
2009年第7期6-10,共5页
Journal of Central University of Finance & Economics
关键词
中央政府
地方债
风险
债券市场
The central government Local governmental bond Risk Bond market
