主要发达国家公共债务的快速增长反映出政府缺乏财政纪律和支出约束。不断去杠杆化难以解决政府债务问题,因为不断推行量化宽松措施会令政府不断延迟债务违约,亦令公共债务不断增加,会对国家持续发展及下一代产生相当大的影响。须提防“集体不负责任”症候群,并且以负责任的态度,避免公共政策背离政府长期建立的审慎理财原则。 The rapid growth of public debt in major developed countries reflects the government’s lack of financial discipline and spending constraints. Continued deleveraging will not solve the problem of government debts. The continuous implementation of QE will delay the government’s debt default and increase public debts. This will have a considerable impact on the country’s sustainable development and the next generation. The “collective irresponsibility” syndrome must beware of and the responsible attitude should be taken to prevent public policies from deviating from the principle of prudent financial management long established by the government.