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一 所谓国债风险是指政府财政运用国债在组织收入和安排支出过程中,由于财政制度和财政手段本身的缺陷以及多种不确定的经济因素所造成损失和困难的可能性。这种可能性风险是否会转化为现实的危机,直接诱因在于到期能否偿还债务,而这与国债规模、国债投资效益等紧密相关。其成因和表现如下: 1.财政赤字逐年扩大,国债规模刚性增加。 财政赤字是市场经济国家政府预算收支失衡常见的一种经济现象。根据资料显示,1997年全世界115个国家中,中央政府财政收支失衡的有87个,占国家总数的75.6％。在我国,除实行计
A so-called national debt risk refers to the government treasury bonds and government spending in the organization of income and arrangements for expenditure, due to the financial system and the financial means of their own shortcomings and a variety of uncertain economic factors caused by the possibility of loss and difficulties. Whether this possibility risk will be transformed into a real crisis or not, the direct incentive lies in whether the debt can be repaid due to maturity, which is closely related to the scale of government bonds and the investment returns of government bonds. Its causes and performance are as follows: 1. The fiscal deficit has expanded year by year, and the scale of the national debt has risen. Fiscal deficits are common economic phenomena in the balance of payments revenue and expenditure of market economy governments. According to statistics, out of 115 countries in the world, 87 were unbalanced in fiscal revenue in 1997, accounting for 75.6% of the total number of countries. In our country, except for the implementation of the plan