<p> which is the total amount of controllable; the second is to minimize debt defaults. In the process of urbanization, urban land management by the government. On the one hand,hogan saldi, economic,scarpe hogan outlet, institutional and other factors caused a shortage of funds; the other hand, shortage of land resources. The transfer of government-owned land use rights, so through competitive bidding, the way land auctions, making local financial and adding a land transfer income, such a situation has emerged in many places over-reliance on the land transfer revenue.</p>
<p> Guangdong, an official even complained that the tax system is "white slavery." Hong Wah: As a phased reform, the tax system will inevitably leave a lot of deficiencies. The first is the weakening of local financial resources. After the implementation of the tax system to centralized government finances, local financial less than normal, while the local government to carry out the functions of the local social and economic development,scarpe hogan uomo outlet, and not enough money, how to do it? Only by borrowing,hogan milano, and so we have a lot of local debt. In 2011, the Audit Commission published 35 announcement, announced the local government debt has more than 10 trillion yuan. In recent years,hogan rebel, people's attention on the issue of local government debt is high, mainly because there is a big risk of local government debt. People worry about the risk of local debt gets out of control.</p>
<p> it will affect all aspects of society, and even lead to social unrest. In fact, the local debt from 1979 began to appear after the 1994 tax reform, it is growing rapidly. Due to the centralized financial resources,hogan shoes, local bears responsibility for local social and economic development, but financial resources stretched,hogan sito ufficiale, they can not to raise through the issuance of government bonds, which appeared a large variety of local financing platform. Local financing platform is funded by the government or an independent government and social co-financing, the establishment of an independent economic entity with legal personality. These economic entities of government assets, reputation as a guarantee the loan to the bank, thereby forming a large number of local debt. The emergence and rapid growth of local debt have very complex causes and background, the most important factor is the socio-economic development factors, the financial system factors and performance incentives. Social and economic development factors make local shortage of financial resources, seek debt channels become inevitable; financial institutional factors lead to local insufficient financial resources, place only through debt financing; and performance incentives,hogan sneakers, to debt financing has played a role in fueling. In recent years,scarpe hogan outlet, local debt financing has undergone some new changes,spaccio hogan milano, and that is where the city voted bonds appear. Debt appears through local financing platform is creditor-debtor relationship "platform" between the bank, are indirect financing; and the city voted bonds are debt claims the relationship between economic entities and investors, are direct financing. But the debt financing of two local governments are formed or liabilities or contingent liabilities do not necessarily form a real local debt,hogan donna, only contingent liabilities among real debt default occurred only be repaid by the fiscal. Therefore, the local debt is concerned, first, how to control the size of the total.</p>
<p> After all,hogan estive, the culvert in the cold water has people alarmed, the city manager is responsible and careful,hogan donna, it can make people feel warm when the storm struck. (Chen Zhuo, "China YoutOriginal title: a new round of fiscal reform "bow and arrow" � our reporter He Haifeng TSS sequelae "Decision": Recently, local investment boom renewed public concerns on the local debt crisis along with warming,parajumper, all walks of life for a new round of fiscal reform placed high expectations. Hong Wah: The new government is currently preparing a new round of fiscal reforms in full swing. Eighteen major report for the current central and local financial resources and powers do not match the problem,hogan interactive, "further rationalize the relationship between levels of government financial allocation,parajumpers winkels," the idea. Since 1994, due to the implementation of tax reform,scarpe hogan uomo roma, the central government's financial resources has been appropriately focused on the central fiscal revenue in the national fiscal revenue ratio increased to about 50%, of course, money is not only the central government that he spent, as well as transfer payments to local Flowers,hogan online, in 2012 the central fiscal revenue reached 5.613242 trillion yuan, while the tax reform before 1993 there were only 95.751 billion yuan. "Decision": However, this also means that smaller and smaller proportion of local finances. This allows local governments miserable.</p>
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