8-18 Government Debt Finance

 

Unit: 10 000 yuan

Year

Total Debt Incurred

 

Total Payment for the Debts

 

Domestic Debts

Foreign Debts

Other Domestic Debts

Payment for the Principal and Interest

of the Domestic Debts

Payment for the Principal and Interest

of the Foreign Debts

Payment of the Loans from People’s Bank and t

heir Interest

 

 

 

 

 

 

 

 

 

1950

3.02

3.02

 

 

0.03

0.03

 

 

1951

8.18

0.01

5.49

2.68

0.42

0.40

0.01

0.01

1952

9.78

 

9.78

 

3.92

0.58

0.23

3.11

1953

9.62

 

9.62

 

0.91

0.65

0.26

 

1954

17.20

8.36

8.84

 

2.21

0.89

1.32

 

1955

22.76

6.19

16.57

 

6.56

1.58

4.98

 

1956

7.24

6.07

1.17

 

7.22

1.25

5.97

 

1957

6.99

6.84

0.15

 

8.26

2.18

6.08

 

1958

7.98

7.98

 

 

9.04

1.81

7.23

 

1959

 

 

 

 

9.69

2.58

7.11

 

1960

 

 

 

 

10.46

3.73

6.73

 

1961

 

 

 

 

10.93

4.35

6.58

 

1962

 

 

 

 

10.37

3.95

6.42

 

1963

 

 

 

 

7.58

4.72

2.86

 

1964

 

 

 

 

5.23

4.27

0.96

 

1965

 

 

 

 

6.36

5.66

0.70

 

1966

 

 

 

 

3.91

3.91

 

 

1967

 

 

 

 

2.01

2.01

 

 

1968

 

 

 

 

2.00

2.00

 

 

1972

 

 

 

 

0.50

0.50

 

 

1973

 

 

 

 

0.50

0.50

 

 

1974

 

 

 

 

0.50

0.50

 

 

1979

35.31

 

35.31

 

 

 

 

 

1980

43.01

 

43.01

 

28.58

 

24.40

4.18

1981

73.08

 

73.08

 

62.89

 

57.89

5.00

1982

83.86

43.83

40.03

 

55.52

 

49.62

5.90

1983

79.41

41.58

37.83

 

42.47

 

36.56

5.91

1984

77.34

42.53

34.81

 

28.91

 

22.74

6.17

1985

89.85

60.61

29.24

 

39.56

 

32.59

6.97

1986

138.25

62.51

75.74

 

50.16

7.98

34.49

7.69

1987

169.55

63.07

106.48

 

79.83

23.18

51.96

4.69

1988

270.78

92.17

138.61

40.00

76.75

28.44

42.58

5.73

1989

282.97

56.07

144.06

82.84

72.36

19.30

45.83

7.23

1990

375.45

93.46

178.21

103.78

190.40

113.75

68.21

8.44

1991

461.40

199.30

180.13

81.97

246.80

156.69

80.22

9.89

1992

669.68

395.64

208.91

65.13

438.57

342.42

80.26

15.89

1993

739.22

314.78

357.90

66.54

336.22

224.30

89.22

22.70

1994

1175.25

1028.57

146.68

 

499.36

364.96

107.17

27.23

1995

1549.76

1510.86

38.90

 

878.36

779.46

71.69

27.21

1996

1967.28

1847.77

119.51

 

1311.91

1223.17

60.76

27.98

1997

2476.82

2412.02

64.80

 

1918.37

1820.40

70.76

27.21

 

 

 

 

 

 

 

 

 

 

a)         In 1981, the debt incurred excluded an amount of 4.866 billion yuan of Treasury bill issued in the year which made up the deficits in 1980 and 1981, and was not included in the 1981 government budget.

b)        The government bonds for supporting key construction projects totaling 5.4 billion yuan issued in 1984 and would be repaid by the government finance were not included in the debts of 1987. The indexed government bonds totaling 12.5 billion yuan issued in 1987 were not included in the debt of 1989.               

c)        Other domestic debts in 1951 referred to loan from bank, and in the years after 1988 referred to special government financial debts and special national debts, etc.                                     

d)        In 1995, the payment for debts did not include an amount of 460 million yuan used for the repayment for the capital and interest, which was carried down to be the debts of the next year.