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一、对中国国债债务风险衡量指标背离现象的简析 1950年人民胜利折实公债(第一期,1亿元,合计2.6亿元,5年期,利率5%)首开新中国国债发行先河,到1981年我国政府再次恢复发行国债48.66亿元以来,国债发债规模逐年扩大,特别是1994年停止货币融资途径进行财政透支,使国债发行规模又跃上一个新的台阶。
First, the analysis of the deviation of the measurement of China’s national debt debt risk indicators Analysis of the people’s victory in 1950 (the first phase, 100 million yuan, a total of 260 million yuan, 5-year interest rate of 5%) the first issue of the issuance of new Chinese government bonds precedent, Since 1981, when the government of our country resumed the issuance of 4.886 billion yuan of treasury bonds, the scale of issuance of treasury bonds has been expanding year by year. In particular, the monetary overdraft stopped by means of monetary financing in 1994, bringing the size of treasury bonds issuance to a new level.