朱柏铭制作全套配套课件公共经济学理论与应用12.pptVIP

Public debt system I. Concept of public debt and its issuance 1. Concept of public debt Public debt, also called the debt of the public, is the debt borrowed by the public sector. National bond doesn’t certainly equal central government bond. Federal government bond is called national bond in federal states. Central government bond and local government bond can both be regarded as national bond in unitary states. 2. Issuance of bonds (1) Issuing forms of bonds Consist of direct issuance and indirect issuance. Direct issuance is the treasury department issues bonds directly to the society. (2)