先進國家債務管理機制之探討

截至92年度，我國各級政府債務累計未償餘額預算數為36,566億元，其中，中央政府為32,086億元，地方政府合計為4,480億元，各縣市則為1,726億元，雖然均低於公共債務法規定之上限，政府仍積極改善財政狀況，減少債務負擔，如依據行政院92年4月核定之財政改革方案，陸續推動各項短、中、長期之財政改革措施。

Many advanced countries have established debt management mechanisms. Among these, the OECD has implemented spending cuts, corporatized budget mechanisms, and other such fiscal reforms; while the EU has established mid-term and long-term warning mechanisms (stability programs) with good results in debt management.
This study identifies a positive correlation between economic growth and fiscal revenue and expenditure, and a negative relationship with accumulated debt balance. Also, empirical findings show that where the government long-term debt ratio is set at 67% in the short to medium term and adjusted to 60% in the long term, it has the greatest effect in stabilizing the debt structure.
From examination of Canadian local government fiscal operations, this study finds that the local governments actively increased property tax and fee revenue; met capital expenditures from public utility income and self-financing funds; and set ratios for debt principal to tax revenue and total expenditure, to serve as early-warning indicators for controlling the growth of debt.