波兰地方政府融资发展过程及对我国的借鉴意义

波兰作为新兴市场化国家和经济转型国家,没有单纯依靠地方发展基金的方式解决地方基础设施的融资问题,而是采用了自有资金、政府优惠贷款、商业银行贷款和发行市政债券融资相结合的方式。波兰地方政府的这种融资方式,在保证地方政府财政良性运行的同时满足了基础设施的融资需求。波兰的成功经验,为解决我国地方政府的融资和保持财政平衡问题提供了借鉴,波兰市政债券的发展也为我国发展市政债券提供了经验。

The Development Process of Local Government Financing in Poland and It's Meaning to China

Poland,as an emerging marketing and economic shunt country,does not simply rely on developing municipal development fund to settle the problem of infrastructure financing,but adopts a measure that combines own money,government favorable loans,commercial loans and issuing municipal bonds.The measure of financing not only guarantees local government's finance runs well,but also satisfies the demand of infrastructure's financing.By using the successful experience of Poland for reference,problems of local government's financing and finance balance can be solved.The development of Poland's municipal bonds also gives us experience for developing municipal bonds.