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增加国债发行规模是1998年下半年以来实施扩张性财政政策最主要的工具,国债资金已经成为政府可支配资源的重要组成部分,它在弥补国内需求不足,拉动经济增长方面起到了不可替代的重要作用。但是,持续了4年的超高速增长,国债规模问题也日益显示出来,特别是在考虑政府隐性负债与或然负债情况下,国债规模更加凸现。这不能不引起我们的深思和忧虑。我们还能够象前几年那样继续保持国债发行规模的高速增长吗?如果已经出现了国债规模的潜在风险,我们又如何应对呢?
Increasing the issue scale of government bonds is the most important tool for implementing the expansionary fiscal policy since the second half of 1998. Treasury bonds have become an important part of the government’s disposable resources and have played an irreplaceable important role in making up domestic demand and stimulating economic growth. effect. However, after four years of super-fast growth, the issue of the national debt scale has also become increasingly evident. Especially considering the government’s implicit and contingent liabilities, the scale of the national debt has become even more prominent. This can not but arouse our thoughts and worries. Can we continue to maintain the rapid growth of the issuance of government bonds as we have done in previous years? How can we cope with the potential risks of the scale of government bonds?