摘要
地方政府为了地方基础建筑设施和城市化的进展产生大量资金需求,且受限制于《预算法》不能直接融资,地方融资平台和“城投债”诞生了。在过去城市化的发展过程中,地方融资平台是地方政府获取资金建设地方基础设施的主要资金来源。但是随着我国经济结构的转型和经济形势的变动,城投债带来的问题在逐渐显现。2022年初,遵义道桥建设集团156亿城投债银行贷款展期20年的公告发布,城投债违约以及地方债务存量的问题一时间引起了很大的关注。通过对遵义道桥债务展期案例进行分析,介绍城投债的基本概念以及贵州省的地方债务存量和违约情况,多个角度剖析导致债务展期的因素,并对地方融资平台的未来发展方向给出建议,为地方债务的化解提供借鉴方案。
Local governments need a lot of capital for the progress of local infrastructure and urbanization,and are limited by the Budget Law and cannot directly finance,so local financing platforms and"urban investment bonds"were born.In the past development of urbanization,local financing vehicles have been the main source of funds for local governments to obtain funds to build local infrastructure.However,with the transformation of China's economic structure and the changes in the economic situation,the problems brought about by urban investment bonds are gradually emerging.At the beginning of 2022,the announcement of the 20-year extension of the 15.6 billion urban investment bond bank loan of Zunyi Road and Bridge Construction Group was released,and the default of urban investment bonds and the stock of local debt attracted great attention for a while.This paper analyzes the case of debt extension of Zunyi Road Bridge,introduces the basic concept of urban investment bonds,the stock and default of local debt in Guizhou Province,analyzes the factors leading to debt extension from multiple perspectives,and gives suggestions for the future development direction of local financing platforms,so as to provide reference solutions for the resolution of local debts.
出处
《吉林金融研究》
2024年第2期59-64,共6页
Journal of Jilin Financial Research
关键词
城投债
地方融资平台
债务展期
urban investment bonds
local financing platforms
debt rollover
