美国政府减税发债的财务可行性分析—基于净现值分析视角.pdfVIP

Modern Management 现代管理, 2016, 6(1), 23-27 Published Online February 2016 in Hans. /journal/mm /10.12677/mm.2016.61004 Financial Feasibility Analysis of Tax Reduction and Debt Issuing for the US Government —Based on the NPV Perspective Mo Bai1,2, Weijie Yong1,2 1 Business School of Tianjin University of Commerce, Tianjin 2 Management Innovation and Evaluation Center of Tianjin University of Commerce, Tianjin th nd th Received: Feb. 7 , 2016; accepted: Feb. 22 , 2016; published: Feb. 29 , 2016 Copyright © 2016 by authors and Hans Publishers Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). /licenses/by/4.0/ Abstract This paper takes the events that Democratic and Republican tit-for-tat on the budget agreement, which leads to the US government “lockout” once again as the background; the analysis from the perspective of net present value shows that which of the two Parties’ plan is more feasible. Then, we draw a lesson from this idea and think about the problem of high local government debt in our country, which help us assess whether the debt risk of local government is in a controllable condi- tion or in the dormant period before the risk outbreak, and tell us how to treat the problems of high local government debt and its rapid growth. In this paper, the results show that high local government debt does not mean that the risk is very big, but rather should be from the compari- son between the financing costs of local government debt and the ROI of debt capital to assess the risk of local government debt. Keywords US Government Shuts Down, Debt of Local Government, Net Present Value Analysis 美国政府减税发债的财务