laitimes

The rural debt problem is highlighted: nearly 700,000 villages are saddled with huge debts, where does the money go?

author:Erudite nagging

Recently, the debt problem of local finances has attracted widespread attention. Although the central government has previously stated that it will not interfere too much in the repayment of local fiscal debts, changes in the actual situation have also prompted relevant departments to pay more attention to and help local debt problems.

The rural debt problem is highlighted: nearly 700,000 villages are saddled with huge debts, where does the money go?

According to data released by the Ministry of Agriculture, as of the first half of 2019, the total debt of nearly 700,000 rural villages in the country has exceeded 900 billion yuan.

This figure is alarming, especially given that rural areas have been experiencing low growth. Why are the countryside saddled with such huge debts? Where does this money go? Do you want to make farmers pay? Below, let's listen to the analysis of insiders.

First of all, there are three main aspects to the composition of this huge debt.

The first aspect is traditional village-level debt, also known as old village-level debt. These debts are a legacy of past historical periods. Between 1990 and 2006, the State phased out agricultural taxes in rural areas, and debts incurred during this period became traditional village-level debts. For most farmers, agricultural taxes are a heavy burden.

Due to low incomes and daily expenses, some families or villages may not be able to pay agricultural taxes on time in a given year. At this time, the village collective will pay this part of the fee in advance. If you can make up the money later, it won't be a big problem. However, for some poor families and villages, this deficit cannot be compensated.

Over time, the deficit grew, which led to a serious debt problem.

The rural debt problem is highlighted: nearly 700,000 villages are saddled with huge debts, where does the money go?

In recent years, the state has been emphasizing the construction of modern new rural areas and shifting more energy to the development of rural areas. In order to promote rural development, many villages spontaneously began to carry out modernization.

The construction of spacious asphalt roads, street lamps, public toilets and other infrastructure in these villages has changed the lives of the villagers.

The rural debt problem is highlighted: nearly 700,000 villages are saddled with huge debts, where does the money go?

However, behind the economic development, huge capital investment is required. Some villages were unable to raise such huge sums of money at once, so they had to apply for loans from banks. As a result, debt continued to accumulate. Some impoverished villages do not even have the financial means to service these debts.

Over time, debt-based construction has become the norm in rural development, which explains why more than 700,000 villages owe 900 billion yuan in debt.

The third aspect is some operating debt, which is more common in southern villages.

In the early years, in order to better develop, many southern villages have established village collective companies. However, with the gradual decline of traditional industries and village collective enterprises, the economic efficiency of villages has also fallen sharply. Some village collective companies are burdened with heavy debts, such as the Huaxi Group, which has been saddled with huge debts of tens of billions of yuan.

The reasons why nearly 700,000 rural villages owe such a huge debt are varied.

Although the rural debt problem is worrying, we should look for a solution to it. The government needs to strengthen the regulation of rural development and regulate the generation and use of debt. At the same time, farmers should be guided to take the path of sustainable development and enhance the economic vitality and self-sufficiency of rural areas.

At the same time, all parties in society should also pay attention to and support the development of rural areas, and provide more opportunities and entrepreneurial platforms for farmers. Only by working together can we solve the problem of rural debt and promote comprehensive development in rural areas and poverty alleviation and prosperity.

Please comment on the post and share your thoughts and suggestions on the rural debt problem!

Read on