HIGHLIGHTS
- Who: Xinyuan Wang from the Anhui University of Finance and Economics, Bengbu, China have published the research: Original Paper, in the Journal: (JOURNAL)
SUMMARY
Comparing general bonds and special bonds, the authors can find that both are issued by provincial governments, endorsed and guaranteed by local finances, and included in the local fiscal budget system, but there are also many differences between the two. General bonds are mainly repaid with general public budget revenue, while special bonds are repaid with government fund revenue or special revenue corresponding to public welfare projects. It should . . .
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