The last one is how should china treat budget deficit and public debt, which have been expanded greatly since active fiscal policy began in 199S. the effects of fiscal policy on economic growth and should be investigated.
特别是当前实行积极的财政政策,增加预算赤字和扩大国债发行刺激经济增长,必须研究其可持续性问题。
参考来源 - 中国经济增长的财政政策分析Local government debt i s the main component o f the government public debt under the state grated tax for different levels financial system.
地方政府债务是国家分级分税财政体制下政府公债体系的重要组成部分。
参考来源 - 地方政府债务规模的财务学分析·2,447,543篇论文数据,部分数据来源于NoteExpress
以上来源于: WordNet
N the total financial obligations incurred by all governmental bodies of a nation 公债
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