Audit report Reveal " local debt " About 2 800 billion

Audit report Reveal " local debt " About 2,800 billion
2009 audit report announced yesterday, has offered " passway " for spying upon local government's debt scale in the external world --Up to the end of 2009, audit 18 provinces, 16 cities and 36 counties " this grade of government debt " investigated The remaining sum totals 2,790 billion yuan, among them the government balance of indebtedness of the financing platform company at all levels adds up to 1,450 billion yuan.
Liu Jiayi, auditor-general of State Auditing Administration, makes the audit work report of central budget enforcement and other financial revenue and expenditure of 2009 to the Standing Committee of the National People's Congress on the 23rd, this report opens up the chapter specially extremely rarely, count the local government debt problem accurately, space account for whole nearly 1/10 of audit report.
" the pressure is larger that some places pay the debts "
Because State Auditing Administration has not revealed the concrete local data, many experts said yesterday that had no way of judging" 2,790 billion yuan " Dimension too big. But according to experience, imperial court of Deputy Director of research institute refers to the financial science of the Ministry of Finance, "local governments in the coastal area have many debts, there may be fewer number in the western region. "
Liu Jiayi's yesterday's statement is, the pressure was relatively large that some local governments paid the debts. That year can watch with rate of financial resources from balance of indebtedness, province and city this grade and western region debt risk comparatively centralized, there are 7 provinces, 10 cities and 14 counties this grade exceeds 100%, the highest one is up to 364.77%.
As to this, imperial court think balance of indebtedness and can exceed 300% with the rate of the financial resources that year just, the rate in debt is really higher, but the risk is hard to tell, " still depend on where the trend of purchasing of concrete debt is " .
"Abroad, the local government does not pay one's debts with all his assets may lead to the fact and go bankrupt, but Chinese local government will not fall from power, so long as the bank would like to lend money, the local government dares to borrow, there is not the land income, also there is tax revenues, not all right either that borrow new and old. " Professor of Shanghai University of Finance Economics Public Managerial College Hu Yi quite builds and says to the risk of the local government debt " Disapproving " .

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