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Ministry of Finance: National Local Government Debt Balance at the End of February 19142 Billion Yuan

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????[Ministry of Finance: Local Government Debt Balance at the end of February 19142 billion yuan]. According to Ministry of Finance data, by the end of February 2019, the national local government debt balance was 19142 billion yuan, which was controlled within the limits approved by the National People's Congress. Among them, the general debt is 1142.73 billion yuan, the special debt is 7714.7 billion yuan, the government bond is 18826.9 billion yuan, and the non-governmental bond form stock is 315.1 billion yuan. (Securities Times)

????On March 20, the Ministry of Finance issued a report on the issue of local government bonds and debt balances in February 2019. In February, 364.2 billion yuan of local government bonds were issued nationwide. Among them, 192.5 billion yuan of general bonds and 17.7 billion yuan of special bonds were issued. By the end of February 2019, the balance of local government debt was 19142 billion yuan, which was controlled within the limits approved by the National People's Congress. [Relevant reports] The issuance channels widened the supply and demand of local debts, and the demand for local debts issued by Yunnan and other three provinces and municipalities was relatively strong on the 19th. Market participants pointed out that there is a lot of potential supply of local bonds this year. Recently, opening the counter market of commercial banks to issue local bonds has not only broadened the channels of issuing local bonds, but also helped to meet the investment needs of individuals and small and medium-sized institutional investors. The demand for local debt is relatively strong. Although the secondary bond market has been dominated by weak shocks in recent years, the primary bond market performance is still acceptable. On the 19th, the demand for local debt issued by Yunnan, Dalian and Tianjin was relatively strong. Yunnan Province has issued two local bonds, all of which are five-year bonds, one for general bonds and one for special bonds, with the issuance scales of 1.497 billion yuan and 4.5 billion yuan, respectively. It is understood that the winning rates of five-year general bonds and special bonds in Yunnan Province are 3.31%, which are 25 BP higher than the lower limit, and the bidding multiples are 28.27 and 27.38, respectively. Dalian also issues one general bond and one special bond for seven years. The issuance scale is 1.8 billion yuan and 2 billion yuan respectively. The winning rate is 3.42%, which is 25 BP higher than the lower limit, and the tender multiples are 18.24 and 14.4. Tianjin issued five local bonds, including four special bonds and one general bond, totaling 9.427 billion yuan. Specifically, the winning rates of three-year special bond for supporting facilities construction, five-year special bond for land reserve, five-year special bond for urban renewal, 10-year special bond for ecological protection and 10-year general bond are 3.06%, 3.31%, 3.39%, 3.39%, respectively, which are 25 BP higher than the lower limit, and the bidding multiples are 32.4, 22.44, 22.85, 22.2 and 22.35, respectively. According to the government's work report in 2019, the deficit rate this year is proposed to arrange a fiscal deficit of 2.76 trillion yuan, of which the local fiscal deficit of 930 billion yuan. In addition, local government special bonds will be arranged for 2.15 trillion yuan this year, an increase of 800 billion yuan over last year. That is to say, the net financing of general bonds and special bonds of local governments this year is 3080 billion yuan. This year, the actual issuance of local debt will exceed 3080 billion yuan. First, the local government may issue some refinancing bonds in time; second, the government work report clearly continues to issue a certain number of local government replacement bonds; third, there is a certain gap between the balance of the previous special debt and the debt limit, which can also be used for issuance when necessary. According to statistics, in 2018, the whole country issued 4.17 trillion yuan of local debt. The size of distribution in 2019 should not be significantly lower than that in 2018. Although the supply pressure of local debt this year is not as great as previously expected in the market, the pressure still exists. Industry insiders believe that in order to support the smooth and orderly issuance of local debt, it is necessary to make articles from the demand side of local debt. It is noteworthy that the Ministry of Finance has recently issued a circular that general bonds and special bonds issued by local governments can be issued through the commercial bank counter market within the region (planned municipal government bonds listed separately within the province). The circular said that this could broaden the channels for local government bond issuance, meet the needs of individuals and small and medium-sized institutional investors, and enrich the variety of commercial banks'counter market busines

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澳大利亚新南威尔士州议会通过堕胎合法化法案

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  原标题:澳大利亚新南威尔士州议会下议院通过堕胎合法化法案

  中新社悉尼8月9日电 (记者 陶社兰)澳大利亚新南威尔士州下议院当地时间8日晚以59票赞成31票反对,通过堕胎合法化法案。

  该法案的主要内容是允许妇女在怀孕后22周内进行堕陈海宁_今日消息胎,而22周以后终止妊娠必须由两名医生批准。

  新州1900年颁布的“犯罪法”中界定堕胎是一种犯罪行为,所以新州现有法律禁止非法人工流产。然而现有法律对于“非法”的含义表述不清。因为“合法”与否有赖于医生判断该流产是否严重危及孕妇的生理、心理甚至生命。如有争议,法庭则根据个案裁决。所以,目前实施人工海外嘉实基金_今日消息流产时,医生及孕妇本人都面临法律责任的不确定性,甚至有被起诉刑事犯罪的风险。

  据知,新州并不是澳大利亚第一个修改堕胎法的州,维多利亚州于2017年、昆士兰州于2018年分别通过了修改法案将堕胎合法化。

  此次新州修改堕胎法提案出台后,议会及社会上争议很大。赞成方认为,当前的法律让孕妇及实施流产的医生都面临被起诉的风险,这不但让怀孕妇女在做这个困难决定时面临恐惧及羞耻感,也让那些弱势群体如低收入人士、家暴受害者、性侵受害者、北京方舟医院_今日消息偏远乡下人群、土着居民处于雪上加霜的境地。法律修改后,孕妇有权自己决定在怀孕早期的流产。最搞笑的短信_今日消息与此同时,从业医生实施流产将不再是犯罪行为。

  反对方则认为,修改法案给予塞尔维亚人口_今日消息医生不受约束的权力。有些人还因为性别偏好选择胎儿,是否允许因性别原因让无辜的胎儿夭折?另外,如果因为胎儿健康检查认为有缺陷而流产,是否这些儿童就没有生存的权利?

  这次下议院陈卫宜_今日消息的投票结果并不能确定该法案的最后通过。上议院一周后将进行进一步辩论并投票表决。新州上议院助理议长肖凯莫索曼接受中新社记者采访时表示,预料上议院同样会有一场激烈的辩论,但相信该法案会得到通过,因为目前赞成者为多数。一旦上议院通过,法案将由新州总督签署后成为法律。(完)

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