Analysis of the Government's Fiscal Credit Status and Several Suggestions

In recent years, at all levels, financial departments in our province have fully utilized the functions of finance in regulating economic operations, optimizing resource allocation, adjusting income distribution, and economic supervision. At the same time, they also attach great importance to the construction of government fiscal credit and have achieved certain results.

(I) Control the scale and debt risks of domestic and foreign government debts to ensure good government economic credit. From the perspective of debt arrears, by the end of 2002, our province's direct explicit debt was 1.6 billion yuan, accounting for 13.02% of the total direct debt amount, with relatively small debt risks, reflecting that the government credit in our province is relatively good.

The situation of foreign debt of our provincial government in 2002: From the perspective of the overall economic volume of the province, the liability ratio of our provincial government's foreign debt is 5%, lower than the internationally recognized warning line standard of 25%. In terms of the proportion of fiscal burden on debt, the provincial fiscal debt ratio is 34%, lower than the internationally recognized warning line standard of 100%. Both of these indicators are within the safe range, reflecting that the scale of foreign debt in our province is moderate. The existing problem is the repayment of foreign debt.