The Study Of Issuing Scale Of National Debt Of Our Country

Issuing national debt is a kind of fiscal policy means raising funds and regulating economic to meet the demands of its function with credit principles. But the scale of the national debt should have certain limit. This paper explains the basic knowledge and basic theories of national debt, gives the calculating formula of construe and stochastic construe separately. Combing with the monadic regression model, the paper analyses the development of issuing scale of national debt of our government annually, studies the evolvement of scale of national debt and its relevant policies, and analysis the experience indexes measuring scale of national debt which is prevail in the world quantificationally. Comparing with western developed countries further, based on that, there is a conclusion in this paper, the government issuing scales of national debt is appropriate at present, but it is impossible to increase the issuing scale. For preventing from fiscal risks, issuing scale should be decreased gradually and positive fiscal policies should be faded out in proper opportunity. At last, the status of national debt policy and its influence to fiscal policy and monetary policy has been studied carefully and the main conceive of improving our national debt policy has been suggested.