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我国《预算法》规定,除国务院允许外,禁止地方政府直接负债。目前,除了中央代发地方债券和地方自行发债试点外,通常地方政府还以一种变相的方式获得预算外借款。这虽然在客观上对地方的城市基础设施建设和经济增长给予了一定的支持,但缺乏透明度,不利银行风险控制,增加了潜在的财政风险等。从现有的政策框架和实施结果看,无论是与企业债券的监管法规相比,还是满足地方政府自行发债试点不断扩大的实际需要,推进地方政府债券的制度建设,加强对
Our “Budget Law” stipulates that local governments are prohibited from directly indebtedness, except as permitted by the State Council. At present, besides the Pilot Development Bonds issued locally by the central government and local self-issue bonds, the local governments usually obtain extrabudgetary loans in a disguised way. Although this objectively gives some support to the construction of urban infrastructure and economic growth in the localities, it lacks transparency, adversely controls bank risks and increases potential financial risks. From the existing policy framework and implementation results, whether it is compared with the regulatory regulations of corporate bonds, or meet the actual needs of local governments to expand their own debt issue, promote the system of local government bonds, strengthen the