Guangdong Local Debt 860 Billion Strengthen Debt Statistics And Risk Early Warning Analysis

< p > > a href= "http://sjfzxm.com/news/index_cj.as" > last year < /a > Guangdong (excluding Shenzhen), the local debt balance increased slightly from 5% to more than 8600 billion yuan, and Guangdong provincial finance office believed that the debt scale was moderate and the risk was controllable.

From the point of view of borrowing, debt financing platform accounts for nearly 30% of the risk, but official claims that its solvency and asset quality have improved in recent years.

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< p > June 17th, the relevant media published the "Guangdong provincial government bond information disclosure document" 2014 (hereinafter referred to as "letter Phi document") to disclose relevant information.

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< p > Xin Bao documents show that as of the end of 2013, the balance of local government debt in Guangdong (excluding Shenzhen) was 862 billion 100 million yuan, an increase of 5% over the 2012 end of the audit.

Among them, the government has debt repayment, guarantee and relief liabilities, which are 650 billion, 92 billion 100 million and 120 billion yuan respectively, and the ratio of three is 75:11:14.

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< p > in the main body of debt, the financing platform companies, public institutions and state-owned enterprises occupy the bulk, and the three share of the total debt balance is 29%, 25% and 19% respectively.

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< p > the Guangdong Provincial Department of Finance said that the solvency of the financing platform companies has increased in recent years: compared with 2010, the total income and total profit of the financing platform companies in 2012 increased by 46.8% and 26.3% respectively, and the average asset liability ratio decreased from 65.7% to 57.9%.

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< p > from the source of funds, bank loans account for 66%, suppliers' accounts payable account for 12%, such as BT repurchase, payable works and so on; issuance of bonds accounts for 8%; other non bank financial institutions account for 5%, such as trusts, funds, financing leases, and bank credit policies; the remaining 9% are other sources, such as government loans and special loans, loans from enterprises and individuals.

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< p > it is believed that the data in the a href= "http://sjfzxm.com/news/index_h.asp" > document < /a > have accounted for more than 88% of the expenditure of debt funds for basic construction and public welfare projects such as municipal construction, education, culture and health, affordable housing and environmental protection.

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< p > the Guangdong Provincial Department of Finance said that debt funds were mainly invested in infrastructure construction and public welfare projects, which not only guaranteed the needs of local economic and social development, promoted the improvement of people's livelihood and the development of social undertakings, but also formed a large number of high-quality assets, most of which were operating receipts as the source of debt repayment.

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< p > from the perspective of future repayment, the provincial government debt has a longer term, and more than 51% of the debt is repaid after 2017. The proportion of debt repayment in each year is relatively stable.

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< p > the Guangdong provincial finance department said that the total debt rate of the province was 59.41%, far below the lower limit of international control standard 90%-150%, and lower than the national debt rate of 113.41%.

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< p > > a href= "http://sjfzxm.com//business/" > < /a >, the situation of local debt in Guangdong province is more stable.

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< p > by the end of 2013, the balance of local debt at the provincial level of Guangdong province was 115 billion 300 million yuan, a slight increase of 5% over the same period last year, of which more than 75% of the debts were repaid after 2017.

The main body of debt is organs and institutions. The proportion of the two accounts for the total debt is 41%, and the financing platform only accounts for 8% of the debt. From the source of funds, the proportion of large banks loans and bonds issued is 72% and 21% respectively.

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< p > the letter said that the Guangdong provincial Party committee and the provincial government attached great importance to the management of local debt, and called for the establishment and improvement of the local debt management system. The local governments were strictly forbidden to borrow money from local governments in violation of regulations.

Other measures include establishing a debt reserve requirement system, strengthening debt statistics and risk early warning analysis, and raising funds to digest debts.

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