Land financial fast into the poor

The cost of land income so high, already let the land financial die. If real estate premium decline, the entity economy downside, land financial will become the poor. According to the Treasury of the disclosure budget report, in 2012 the transfer of state-owned land use right revenue is estimated at 2.701066 trillion yuan, up may be down 18.6%, whose house is deducted compensation expenses into nature, and net income of about 759.5 billion yuan, whose house compensation of nature into spending, take a place the transfer of state-owned land use right of the income proportion of about 72%. Begin from 2011, the cost of land income in a straight line. According to the 2011 budget, the local government at the corresponding level fund income 3.82337 trillion yuan, up 13.8%. Among them the transfer of state-owned land use right income is 3.316624 trillion yuan. Local government fund of 3.748556 trillion yuan, up 18.4%, with the transfer of state-owned land use right of the income 3.293199 trillion yuan for spending. But the land expropriation compensation deduct into nature spending, 2011 local land net income is 953.627 billion yuan only in 2010, fewer than 617.807 billion yuan, accounting for about 71% than the cost.cheap new era hats On the one hand, the land expropriation compensation costs, improve, on the other hand is rigid spending rise, at present the land transfer income must pay four legal expenses: since 2004, the land transfer average net benefits not less than 15% to used for agricultural land development; Since 2008, the land transfer income not less than 10% of the used in affordable housing; Since 2011, the land transfer income and 10% used for irrigation and water conservancy construction extraction; According to the proportion of education funds 10% plan. Four aggregation, land of pure income 45% must be used for public welfare, and public product nature of the rigid spending. The cost of land income so high, is the new phenomenon in the past two years, these two years after wealth disclose the cost significantly lower, in 2010 and 2009, the rate was 46% and 37% respectively. 2011 years ago is land financial bumperyears, high land premiums, terminal investment demand is strong, compensation costs have not rise, who have cheap who is to the bottom line. Specific data can be made to land the generous financial. Local government at the corresponding level 2010 fund income 3.260637 trillion yuan, completed 201.9% of the budget. Among them: the transfer of state-owned land use right income is 2.910994 trillion yuan, have completed 213.2% of the budget, mainly is the land supply increase, the overall level of land price rise and income management such as strengthening caused. Local government fund of 3.029859 trillion yuan, have completed 175% of the budget. Among them: the transfer of state-owned land use right of the income 2.697579 trillion yuan for spending, including land expropriation compensation of nature into the $1.33956 trillion spending, the rural infrastructure construction and subsidies farmers expenses such as 224.827 billion yuan, low-rent housing security spending 46.362 billion yuan, bankruptcy or the restructured enterprises land transfer income used for resettlement spending 333.663 billion yuan, according to worker relevant regulations of the administration of the urban real estate for urban construction spending 753.167 billion dollars. In 2010, in 2009 real estate hot the biggest beneficiaries of be vividly portrayed. Land is attached on the real estate finance high premium on the parasitic body, as long as real estate prices, want to be able to be down compensation costs, the bottom line is land finance, instead, real estate investment properties disappear, high premium descending, and public spending rise, the land will be more narrow financial space. If the commodity residential house down can't make up for premium cost, if real estate regulation of the speculative demand lowers investment basic direction invariable, if the central government continues to increase legal rigid spending projects, land income will cost the poor local finance, tasteless, abandon a pity. The reality is, the land is still on in finance, violence relocates the anesthesia, mainly because the basis of large-scale land financial excess investment project has started to shrink; Although the rise in the cost of land financial rigid, but still profit space; Attached to the land above the other financial, officials rent-seeking space is still wide. In the course of urbanization, land income from the following data can see the local investment chore of huge, local government the fund (not including transfer payment) expenses and revenues in 2011 than in 2010 and 98.04% in 92.9% and 90.3% in 2009, the income growth fell and investment scale up, local governments in GDP and investment projects such as sit under the pressure of the volcano, at present the first problem is the financing, the second is financing, the third or financing. As long as the land financial still can become the most important blood transfusion pipe, whose house, down the prices of compensation and difficult to stop. Land financial importance fall, future local fiscal revenue, investment funds come from? Banking regulator of local government financing platform loan risk supervision plenum put forward, 2012 will follow "policy unchanged, deepening the reorganization, the prudent exit, focuses on increasing credit" the overall thinking, asked to slow release risk as the goal, the drop old accused of new as the key point, taking cash flow coverage of high-quality curriculums to continue to push forward the platform of the loan risk supervision. Expand the size of the loan from the bank has not possible, likely, from last year proposed place debt,cheap nfl jerseys municipal bonds, high yield debt of reform, can alleviate the pressure part of funds. The most important is, the place of land requisition investment projects after the future must be strong tax base, becomes the local economic development pillar, local do some image project, the face engineering, no tax base have to TieQian, such projects will be pressure in local government top of head of the mountains, and, had more land to be carried on. Note: many things to do in the space and time tunnel. A friend about the north Asia investment in the north words of sympathy know very understanding, rights protection not easy but a hard-eyed no mean or not respect. Retreat city, the sooner the better, or interests haslong been consistent. Believe that similar can always traction qianshan mountain is not cut off each other with the idea, can find calm discussion method was not abuse, no hysteria, not eliminate all evidence brainwashing zhao gao can take, but people all know plausible, is to know that there is a clear reason things out of mind, and worthy of respect and innovation of the soul market high ability

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