Eight Provinces Announced Local Debt &Nbsp; Hainan'S Debt Rate Exceeded 93%.

As of August 15th, a total of eight provinces announced local government.

According to the audit results released by the Audit Commission in June 27th, as of the end of 2010, the balance of local government debt in the whole country was 10 trillion and 700 billion yuan.

Since then, Hainan, Jilin, Chongqing, Beijing, Ningxia, Guangxi, Shandong, Henan and other eight provinces in 2010 provincial (municipal) budget implementation audit report.

In the eight provinces, only the narrow debt rate of Shandong and Guangxi is less than 52.25% of the national level (that is, the debt balance of local governments, which accounts for the proportion of local comprehensive financial resources). If the debt burden of local governments is added to local governments, the debt rate of only 8 of the 8 provinces is lower than that of the whole country.

The debt rates of other provinces are high.

The Hainan provincial budget execution report in 2010 showed that as of the end of 2010, the balance of government debt in Hainan was 95 billion 292 million yuan, of which the government's liabilities for debt repayment and guarantee liabilities were 68 billion 503 million yuan and 22 billion 412 million yuan respectively.

Although more than 80% of the debt is long-term borrowings, the debt burden is not heavy every year, but there are still more debt rates in individual cities and counties.

In particular, 83.75% of Hainan's debts are banks.

Although Jilin and Chongqing did not disclose the debt rate, the debt risk of these two provinces is still relatively high from the total debt and provincial financial strength.

By the end of 2010, the total debt of the Jilin provincial government was 303 billion 300 million yuan, and the total debt in the eight provinces was second only to that of Beijing.

However, the financial strength of Jilin is not as strong as that of Beijing. The Jilin provincial audit report shows that the debt rate of some provinces in this province is as high as 100%.

In 2010, the total fiscal revenue and fund income of Jilin province totaled 153 billion 150 million yuan, about half of the total income of Beijing.

In 2010, the debt burden of local governments in Beijing was 61.71%.

Earlier, Meng Jingwei, deputy director of the Beijing Municipal Finance Bureau, said in an interview with the media that the government's comprehensive financial resources include the general budget of the government, the budget of the government fund, the budget of state capital operation, the administrative fees charged into the management of financial accounts, and the pfer payment in the central place.

The debt ratio is the ratio of the government's debt to the government's comprehensive financial resources.

Chongqing only audits 40 district government debts, excluding local government debt at the municipal level.

The audit results show that the total debt of the 40 district governments is 215 billion 900 million yuan, of which 11 counties and counties have a debt ratio of 100%, and the debt repayment rate is higher than 20%. The debt repayment pressure is bigger and the debt risk is higher.