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一、债务政策:一项没有明确的宏观经济政策 1979年以来,我国逐渐肯定了债务在国民经济发展和经济运行过程中的地位和作用。1981年后,我国又开始恢复了内债的发行。由于我国的财政收支体系施行的是单式预算制度,债务收入从一开始就像经常性收入一样而纳入政策收支体系。从1981年开始,我国内债的发行速度基本保持了稳定增长的势头。内债收入占财政赤字和预算收入的比重分别维持着某种稳定性,内债占财政赤字的比重在1/4以上;内债占国家财政预算收入的比重在2.95％—5.63％的范围内。这充分地说明了债务收入仅
I. Debt Policy: A No Clear Macroeconomic Policy Since 1979, China has gradually affirmed its position and role in the process of national economic development and economic operation. After 1981, China started to resume the issue of domestic debts. Since China’s fiscal revenue and expenditure system implements a single budgetary system, debt revenue has been incorporated into the policy revenue and expenditure system from the very beginning, just as regular income. Since 1981, China’s domestic debt issuance rate has basically maintained the momentum of steady growth. The ratio of domestic debt to fiscal deficit and budgetary revenue respectively maintained a certain stability. The ratio of domestic debt to fiscal deficit was over 1/4. Domestic debt accounted for 2.95% -5.63% of national budgetary revenue. This fully explains the debt income only