8-16 GOVERNMENT DEBT FINANCE

 

Unit100 million yuan

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debt

 

 

Other

Payment

Payment for the

Payment for the

Payment of the

 

 

 

 

 

 

 

 

 

 

Year

Incurred

Domestic

Foreign

Domestic

for the

Principal and

Principal and

Loans and Interest

 

 

 

 

 

 

 

 

 

 

 

 

Debts

Debts

Debts

Debts

Interest of the

Interest of the

from People's

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Debts

Foreign Borrowing

Bank

 

 

 

 

 

 

 

 

 

 

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

121.74

48.66

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

223.55

63.07

106.48

54.00

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

407.97

56.07

144.06

207.84

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

2412.03

64.79

 

1918.37

1820.40

70.76

27.21

 

 

 

 

 

 

 

 

 

 

1998

3310.93

3228.77

82.16

 

2352.92

2245.79

76.60

30.53

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

a)In 1981, the debt incurred excluded a total of 4.866 billion yuan worth of treasury bill issued in the year

 

 

 

 

 

 

 

 

 

to make up the deficits in 1980 and 1981, which was not included in the 1981 government budget.

 

 

 

 

 

 

 

 

 

b)The government bonds issued in 1987 for supporting key construction projects (to be repaid by the Ministry of Finance)

 

 

 

 

 

 

 

 

 

totaling 5.4 billion yuan were not included in the debts of the year, nor were the indexed government bonds totaling 12.5 billion yuan issued in 1989.

 

 

 

 

 

 

 

 

 

c) Other domestic debts in 1951 referred to loan from banks, and in the years after 1988 referred to special

 

 

 

 

 

 

 

 

 

government financial bonds and special treasury bonds, 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 the next year.