前不久,国务院批准财政部下放1万亿元地方政府债券发行额度,募集资金用于置换存量债务。一时间,地方政府存量债务置换问题成为备受争议的焦点话题。其实,这些年来,政府资金的来源与使用出现的期限缺口和成本负担,加大了自身债务偿还的压力,导致资金的流动性风险升高。所以,财政部此次实施债务置换计划的主要目的是为了缓释地方政府存量债务中存在的期限错配问题以及成本高悬问题。 Not long ago, the State Council approved the issuance of 1 trillion yuan of local government bonds by the Ministry of Finance to raise funds for the replacement of stock debt. For a time, the issue of the replacement of the stock of local government debts has become the hot topic of controversy. In fact, over the years, the source of government funding and the use of the term gap and cost burdens have increased the pressure on their own debt repayments, resulting in increased liquidity risk of funds. Therefore, the main purpose of implementing the debt replacement plan by the Ministry of Finance is to delay the issue of mismatch of term and cost in the existing debts of local governments.