世纪之交,我国经济面临着巨大的挑战与机遇。一方面国际经济形势总体处于衰退的不利局面,而我国经济经过多年的高速增长,宏观经济发展过程中也积累了各种矛盾,政府主导型的政治经济体制使得这些矛盾直接反映到财政尤其是中央财政上来。另一方面,转型期的财政主要是以税收收入为主的经常性财政收入很难有较大的增长,运用债务收入政策就成为形势发展的必然要 At the turn of the century, China’s economy is facing enormous challenges and opportunities. On the one hand, the international economic situation as a whole is in an unfavorable situation of recession. After years of rapid economic growth in our country, various contradictions have accumulated in the course of macroeconomic development. The government-led political and economic system has directly reflected these contradictions in the fiscal and especially central government Financially. On the other hand, it is very hard for the current fiscal revenue, mainly in the form of tax revenue, to have greater growth in the transition period. The debt-income policy has become an inevitable trend in the development of the situation