日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Make me your Homepage
left corner left corner
China Daily Website

Budget Law and local needs

Updated: 2014-03-07 07:22
( China Daily)

Huang Jianchu, a senior member of the Budgetary Affairs Commission of the Standing Committee of the National People's Congress, recently shared with reporters his idea of strengthening local People's Congresses' supervision of local government debts to avoid risks.

That is a good way to regulate local government debts and prevent them from growing out of control, but it requires systemic reform that includes revision of the Budget Law, says a 21st Century Business Herald commentary.

A dilemma exists for China's local governments as the current Budget Law does not allow them to raise debts, yet they still need funds to meet their responsibilities. Because of this, it is common practice for local governments to raise funds through the enterprises under their control. That is the key reason why many local People's Congresses cannot implement effective supervision over the debts.

Therefore, to strengthen the supervision over local governments' debts, it is necessary to first revise the Budget Law to bring the debts of local governments into the sunshine. Only when local government debts are under their true borrowers' names will the legislative body be able to effectively supervise them. That in turn requires deepening reform and redefining the role of local governments in the market.

Unlike rational enterprises that consider their repayment capabilities when borrowing, local governments are generally insensitive to their repayment capabilities. Before giving a green light to local governments being legally allowed to have debts, China needs to separate local governments from the burden as well as the power of economic construction, which consumes enormous amounts of money.

There are other prerequisites to realizing effective supervision by the legislature, such as establishing a modern government accounting system and drafting an independent government balance sheet. Both are indispensable for legislators to gain a clear knowledge of the property owned and debt raised by a government, so they can make a sound judgment whether to permit more.

Of course, to curb the indefinite growth of local government debts, a clear line should also be drawn between central and local government finances. All these problems must be solved so that the legislators can truly exert control over local governments' debts.

(China Daily 03/07/2014 page10)

8.03K
...
主站蜘蛛池模板: 懂色av蜜桃av| 欧美一区日韩一区 | 好男人www社区在线视频夜恋 | 国产色av | 国产精品成人va在线观看 | 国产微拍一区 | 欧美精品一区二区免费 | 成人久久久精品乱码一区二区三区 | 蜜桃av噜噜一区二区三区麻豆 | 亚洲欧美a | 福利一区福利二区 | 欧美一二 | 国产传媒一区二区三区 | 在线观看视频中文字幕 | 大黄网站在线观看 | 欧美一级免费大片 | 国产精品视频在线播放 | 人人舔人人爱 | 少妇高潮露脸国语对白 | 丁香六月色婷婷 | 丰满白嫩尤物一区二区 | 红桃视频国产精品 | 色在线免费观看 | 免费观看成年人视频 | 神马久久久久久久久久 | 成人激情视频在线播放 | 日韩精品久久久 | 欧美一级视频在线观看 | 九九免费视频 | 欧美精品亚洲精品 | 99精品视频在线免费观看 | 欧美久久久久久久久久 | 天天综合精品 | 久久精品视频观看 | 在线视频亚洲 | www.中文字幕在线观看 | √8天堂资源地址中文在线 亚洲成人黄色片 | 91免费网站在线观看 | 日日日干干干 | 亚洲免费在线 | 一级特黄aaaaaa大片 |