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Land finance 土地财政

2014年09月20日 12:09 来源于 财新网
从8月中旬开始,在两个半月的时间内,全国审计部门将对各地方政府的“土地财政”情况进行一次详细的审计。各级政府的土地财政被专家们认为是推动房地产价格的持续、离奇上涨的幕后黑手。而土地财政也被认为是造成众多强拆事件,破坏耕地行为的原因。
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Land finance 土地财政

Land finance refers to the sales of land for urban development, accounting for a major source of income for local governments. Local governments have become reliant on land sales since 2003, and the income supports their administrative expenses, as well as debt repayment. Local governments received a total of 4.2 trillion yuan by selling land last year, data from the Ministry of Land and Resources shows. Some local governments relied on land sales to repay more than half their debt, said Lian Ping, chief economist at Bank of Communications. Sales of land are vulnerable to graft and money from land sales has been found misappropriated in many instances. There have been several instances in which farmers and other rural residents have been harmed in illegal land grabs.

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