Local debt issuance in August up to 4 trillion and 800 billion of the total amount of the year appro musiland

Before the issuance of local debt in August up to 4 trillion and 800 billion of the total amount of the year approaching the upper limit of the exposure of the Sina fund platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! According to the Securities Daily, comprehensive parties statistics found that the first 8 months of this year, the scale of local debt issuance of about $4 trillion and 800 billion, more than the total circulation of $3 trillion and 800 billion last year. Agencies are expected this year, the total amount of new debt and replacement of local debt will be more than 6 trillion yuan. This year, the National People’s Congress approved the new local government debt limit of 1 trillion and 180 billion yuan. June deputy director of the Ministry of finance budget department Wang Kebing said that this year the local government to replace the bond amount of 5 trillion. Combined calculation this year, the total amount of new local debt and replacement debt ceiling of 61 thousand and 800 yuan. Xinhuanet.com, finance minister Lou Jiwei recently presented data show that as of the end of July this year, issued 397 million yuan of local government bonds. Among them, the new bonds 101 million yuan, bond replacement 296 million yuan; the latest Minsheng Securities Research Institute data show that in August the local government bonds issued a total of 84 million yuan, of which 13 million yuan of new bonds, exchange bonds 71 million yuan. According to this calculation, the first 8 months of this year, the scale of local debt issuance of about $4 trillion and 810 billion, of which 114 million yuan of new bonds, replacement bonds of $367 million. That is to say, the local debt increment quota has been almost exhausted, the replacement bond amount over the next 4 months this year, only 1 more than 1 trillion. At present, the local debt has become second only to the national debt, policy bank bonds of the third bond varieties. What is the positive fiscal policy? According to Xinhua, Lou Jiwei said the next step will be the implementation of a proactive fiscal policy, but the budget space or indeed limited. Not only on the fiscal deficit has been half a year, the new bond amount are used up. This led to the market for government budget within the financial space or relatively limited concerns. Data released by the Ministry of Finance show that the first half of the national fiscal revenue 85514 yuan, an increase of 7.1%. While spending 89165 yuan, an increase of 15.1%. Guoxin Securities Research said that due to the growth of fiscal revenue (optimistic estimate 6%-7%) far less than the expenditure needs. It is estimated that in 2016 the annual fiscal expenditure growth is between 8% to 9%, more than 10% of the possibility is very small. Constrained by the limited growth in financial revenue, the financial force of the space is not large. Societe Generale Securities suggested the role of the government funds "leverage", let PPP project "play the leading role". PPP project policy intensive introduction. Since 2014, the Ministry of Finance formally put forward the concept of PPP, and on the development of PPP framework guidance proposed since the PPP project began to spread throughout the country. In 2015 the relevant policy began to released into the intensive period, in the coordination of relevant departments under the coordination of the top-level design, PPP is gradually perfect, rules in the project operation guidelines, financing mechanism, budget planning, project evaluation and responsibility boundary gradually clear, on相关的主题文章: