Is land finance unsustainable? Some township civil servants only receive more than 2,000 yuan per month, how to support their families Township civil servants are facing economic pressure, due to the decline in land revenue, local governments
author:Bright view of finance
Is land finance unsustainable? Some township civil servants only receive more than 2,000 yuan a month, how to support their families
Township civil servants are under economic pressure due to declining land revenues and uncertainty in local government budgets. Solutions include short-term strategies such as revitalizing the stock assets of administrative institutions, extending the time for resolving hidden debts, and increasing the intensity of special bonds to "borrow new to repay the old". In the long run, imposing a real estate tax and increasing the proportion of profits paid by state-owned enterprises are also feasible. At the same time, township civil servants also need to continue to learn and improve their professional quality and create more career opportunities for themselves.
On May 17, the central bank announced the establishment of affordable housing re-lending to support local governments to purchase completed and unsold commercial housing at a reasonable price for affordable housing. As soon as the policy came out, it triggered the market...