近代浙江省公债的发行及启示

The Government Bond Issue of Modern History in Zhejiang Province and Its Enlightenment

与近代中国的大多数地方政府一样,浙江省政府为扩充军备、弥补行政费用之不足和筹措建设经费,曾发行了大量地方公债并呈现出以下特点:这些公债的70%被用于军政费用,但发行办法逐渐由粗疏而趋于周密,公债利率逐年减低。近代浙江省公债的发行史为当今地方公债政策的制定提供了不少值得借鉴的历史启示。

As the majority of local governments in Modern China,Zhejiang provincial government had issued a large number of local bonds for arms expansion,and for the lack of administration and construction costs.These local bonds showed the following features:70% of the bonds were applied for military and political costs,the approach of the bond issue tended to be more and more detailed,bond interest rates reduced gradually every year.The Modern history of the bonds issue in Zhejiang province provided a lot of enlightenment for making present local bonds policy.