In the past few years,China's debt-to-GDP ratio and financial debt repayment ratio have risen rapidly,especially the local government debt has increased fast,and the interest ex-pense of financial debt is also increasing.The problem of government debt has become an impor-tant structural problem that must be faced with the sustainable development of China's economy at this stage,affecting the short-term growth and long-term development of China's econo-my.This paper makes a systematic analysis on the scale,structure and efficiency of China's gov-ernment debt,and makes a study on the future trend of China's government debt,and puts for-ward suggestions on how to optimize the debt structure,improve the efficiency of debt funds uti-lization,further establish and perfect China's bond market to prevent the risk of China's govern-ment debt.
debt-to-GDP ratiofinancial debt repayment ratiodebt financingnational and local government debtefficiency of debt funds utilization
万方数据
维普
