The starting point of this report to study the government balance sheet focuses on finance. "Almost all government assets, including natural resources, are comprehensive and extensive. Our estimate of the value of assets is closer to reality. Taking the estimation of state-owned land value as an example, the existing research deals with output, and we mainly calculate the value of land transfer. Under the framework of the national balance sheet, it is more reasonable to measure the land value by land output, but under the framework of the government balance sheet, it is closer to reality to calculate the land transfer value, because after all, the China municipal government has and will continue to obtain huge benefits from the land transfer value. "
According to the report released by the government asset-liability accounting research group on the 20th, according to the data calculated by accounting and statistical statements, the net assets of our government are not only huge, but also reasonable in structure.
This research is funded by the National Natural Science Foundation of China and supported by the Financial Research Institute of the People's Bank of China. The research shows that the net assets of public sector in China are 20 106.9 trillion yuan, the net assets of government in a broad sense are 92.3 trillion yuan, and the net assets of government in a narrow sense are 55.3 trillion yuan.
The reporter learned from the research group that this research was conducted according to the relevant guidelines of the United Nations and the International Monetary Fund, referring to the practices of other countries and combining with the actual situation in China. In a narrow sense, the government is an entity that exercises legislative power, law enforcement power and judicial power; Government in a broad sense also includes institutions, societies, associations and other organizations; The public sector also includes government-controlled enterprises.
The research shows that the total amount and structure of government assets and liabilities in China make the government have solid conditions for regulating the economy. In 20 13 years, the total assets of the central government in a narrow sense are equivalent to 26% of GDP, and the contribution of government departments in a broad sense is equivalent to 34% of GDP. Coupled with the huge foreign exchange reserves, the China government has a good foundation for economic regulation.
The national balance sheet is an important tool to find out the family property and prevent risks. The Third Plenary Session of the 18th CPC Central Committee proposed to speed up the establishment of a unified national economic accounting system and compile national and local balance sheets. This is a highly technical job, and there are many problems to be solved in determining the classification of departments and the scope of assets and liabilities. The research project of government assets and liabilities accounting chaired by researcher Du started in September 20 13 and is scheduled to be completed in September 20 18, which will provide a good research foundation for the relevant state departments to compile the national balance sheet.