综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

China / list

Guangdong, Guangxi report local govt debt

(Xinhua) Updated: 2014-01-24 23:49

BEIJING - South China's Guangdong province and Guangxi Zhuang autonomous region revealed their local government debt situations on Thursday, both claiming the debt risks are under control.

China's National Audit Office led an audit of local government debt in Guangdong and Guangxi from the start of August to the end of September last year. The Thursday reports marked the first official release of the country's controversial local government debt.

Guangdong's governmental bodies at provincial, municipal, county and township levels had 693.16 billion yuan ($113.63 billion) of outstanding debt payable to financial institutions, as of the end of June, 2013. The equivalent figure for Guangxi was 207.08 billion yuan.

As of the end of June, Guangdong's governments at the four levels also had 102.09 billion yuan to pay in the case of the debtors they underwrote failing to pay back the money. The figure for Guangxi was 123.09 billion yuan.

In addition, at that point in in time, Guangdong's governments needed to set aside another 221.29 billion yuan as potential financial aid to borrowers having difficulties in paying their debts. The figure for Guangxi was 102.76 billion yuan.

Normally, the second and third kinds of debts are supposed to be paid by borrowers themselves. Therefore, the government will not necessarily have to

settle these debts itself.

On the release of the debt information, audit authorities in Guangdong ?and Guangxi claimed that default risks in both regions are generally under control.

The debt to be directly paid by the government in Guangdong expanded at an annual rate of 4.34 percent, which was relatively slow, over the past three years, said Lu Rongchun, vice director of the Guangdong Audit Office.

"And the size of Guangdong's government debt is appropriate given the large scale of its economy and fiscal revenue," according to Lu.

Guangdong's 2013 GDP has been estimated at 6.23 trillion yuan, with total fiscal revenue topping 1.69 trillion yuan, according to Lu.

A note on the Guangxi Audit Office's website also said the region's fast and steady economic growth can ensure the payment of government debt.

The ratio of debt to be directly paid by the government against its "comprehensive financial capacity" at the end of 2012 was 54.41 percent for Guangdong and 47.7 percent for Guangxi.

In addition, both regions said the money governments borrowed was largely used for infrastructure construction, which is profitable and puts borrowers in a good position to pay the debt.

Government debt has long been a sensitive issue in China as local authorities have pursued GDP growth often at the expense of significant borrowing.

Highlights
Hot Topics
...
阿克陶县| 娄底市| 湖州市| 黑山县| 乌拉特中旗| 额尔古纳市| 奉贤区| 德化县| 长乐市| 罗平县| 亳州市| 五华县| 理塘县| 玉树县| 龙江县| 永福县| 贡嘎县| 龙岩市| 清新县| 会昌县| 新乡市| 福清市| 公安县| 焉耆| 沈阳市| 阳信县| 定兴县| 吉木萨尔县| 兴海县| 弥渡县| 永兴县| 茶陵县| 新乡县| 本溪| 龙陵县| 咸阳市| 镇雄县| 星子县| 崇左市| 离岛区| 从江县|