Open Front Gate strict monitoring budget law review -- three of local government borrowing open behi

???? xinhuanet.com Beijing on 21 April, (reporter Han Jie, Gao Li, Cheng Shihua) 21, the budget law has been the "20 years" in the revised third journey consideration, at the two review from 2012 June has been nearly two years interval. The second controversial "whether the opening of local government debt problem," has been a breakthrough in the three draft.

???? the budget law of the twelve eighth meeting of the NPC Standing Committee to consider the draft amendment to the three reviewers, between the lines passing out to moderate release positive signal of local government borrowing authority, at the same time, for the prevention and control of risk, to regulate local government borrowing behavior set up multi-channel "firewall".

???? the budget law the draft amendments to the first and two reviewers, retain existing provisions, clear "in addition to the provisions of laws or the State Council, Cheap Honduras Soccer Jerseys the local government may not issue local government bonds." But this statement by the many questions, it has been suggested that, the discretion of local government debt is the objective need that, though the law by the "front door", local government will be the "back door" disguised debt. Cheap Ghana Soccer Jerseys

???? three review the submitted a summary of the views of all parties, clearly stipulates: "part of the funds required for general public budget of province, autonomous region or municipality directly under the central government, approved by the State Council in construction investment, can be determined by the State Council, limits, through the issuance of local government bonds of debt financing." In addition, strengthening the regulation of illegal debt, debt or to provide a corresponding legal liability provisions on guaranty for others.

???? "this means that the local government borrowing in the opening, but a 'firewall' that opened the way for local independent debt after the strict control of debt risk determination." Professor Liu Jianwen of Peking University School of law, said.

???? the current release of local government bonds is represent the general trend, the party's eighteen Cheap Mali Soccer Jerseys plenary session decided to release to the local government bonds "ban" signal, such as the integration of urban and rural development in the sound system and mechanism mentioned "to allow local governments to issue debt and so on many kinds of ways to broaden the financing channels for city construction."

???? the Vice Minister of finance Liu Kun also proposed on how to solve the problem of urbanization sources of funding recently, the Ministry of finance will increase the focus of local government bonds in support of urbanization construction, to give the local government borrowing authority, to establish a diversified financing mechanism through the improvement of the existing local government debt system etc..

???? but let the local debt, is bound to bring about how to prevent financial risk problem. Audit of local government debt, time Cheap 13-14 Womens Jerseys Country display, as of the end of 2013 6, city and county three levels of government in our country has responsibility to repay the debt balance of 10.58 yuan, increased 3.87 yuan more than the end of 2010, the average annual Cheap Algeria Soccer Jerseys growth of 19.97%.

???? the signs, the current Chinese local government debt risk still can not be ignored, the burden of local and industry more debt, local government debt on the land transfer income more and more rely on, some localities and units was also illegal financing, the use of local debt