改革
改革
개혁
Reform
2015年
6期
53~63
,共null页
财政赤字 政府债务 公共财政收支
財政赤字 政府債務 公共財政收支
재정적자 정부채무 공공재정수지
financial deficits, government debt, public financial revenue and expenditure
财政收入增速放缓、支出刚性增长、收支缺口扩大将是我国财政运行的“新常态”,而在财政新常态下,面临着稳定经济增长和防范债务悬崖的权衡。利用政府债务可持续模型,对上述两种政策取向进行了量化估测,在此基础上,提出要坚持财政审慎和管控债务原则,同时兼顾稳定经济增长,应坚持实践思维,利用PPP模式防止出现“财政悬崖”,注重供给管理,不逾越债务货币化的红线。
財政收入增速放緩、支齣剛性增長、收支缺口擴大將是我國財政運行的“新常態”,而在財政新常態下,麵臨著穩定經濟增長和防範債務懸崖的權衡。利用政府債務可持續模型,對上述兩種政策取嚮進行瞭量化估測,在此基礎上,提齣要堅持財政審慎和管控債務原則,同時兼顧穩定經濟增長,應堅持實踐思維,利用PPP模式防止齣現“財政懸崖”,註重供給管理,不逾越債務貨幣化的紅線。
재정수입증속방완、지출강성증장、수지결구확대장시아국재정운행적“신상태”,이재재정신상태하,면림착은정경제증장화방범채무현애적권형。이용정부채무가지속모형,대상술량충정책취향진행료양화고측,재차기출상,제출요견지재정심신화관공채무원칙,동시겸고은정경제증장,응견지실천사유,이용PPP모식방지출현“재정현애”,주중공급관리,불유월채무화폐화적홍선。
China＇s financial operation is entering a new normal in which the fiscal revenue slow down, expenditure increase rapidly and the gap between them expand constantly. In this new normal, we faced a tradeoff between economic growth and government debt cliffs. By using the model of government debt sustainability, these two kinds of policy orientation above have been researched quantitatively. As a conclusion, we should insist the principle of fiscal prudence and controlling debt. Meanwhile, economic growth should also be considered, the practice thinking should be insisted and using PPP mode to guard against the financial cliff. Moreover, we should emphase on supply management and avoide monetization of public debt.
