增加中央财政赤字和国债发行规模。
The central budget deficit and the volume of Treasury bonds issued will be increased.
但是，谁来为扩大的国债发行持续地提供资金哪？
But who is going to keep funding this expansion of Treasury debt issuance?
第二章研究国债发行市场的效率问题。
Chapter two analyses the efficiency of treasure bond issue market.
上周希腊推迟国债发行计划撼动了整个市场。
Last week Greece had to postpone a planned offering of bonds, which rattled markets.
可是国债发行利率的自由化是一个关键的前提条件。
Liberalization of interest rates in the primary government debt market would be an essential prerequisite.
努力把握经济金融运行态势，确保完成国债发行任务。
Work hard to understand the operation situation of economy and finance, guarantee to finish issuing task.
我国需要在《预算法》中明确国债发行管理的法律框架。
The legal framework of national debts issuing management should be defined by the budget law.
近期希腊的国债发行比更安全的德国债券的收益率要高的多。
Recent Greek bond sales have sported yields much higher than safer German bonds.
第四部分为第三章——国债发行规模影响因素及计量分析。
Chapter IV - the size of the issuance of Treasury bonds and the factors that affect the analysis.
但欧元区的情况更为复杂，它拥有16个竞争性的国债发行主体。
The situation is trickier in the euro zone. It has 16 competing sovereign issuers.
它们最近的国债发行收益率比希腊国债要低，不过高于德国国债的收益 率。
Their recent bond offerings carried yields lower than Greek debt, but higher than German bonds.
因此，研究拍卖方式在其国债发行中的应用有着重要的现实意义。
Therefore, the research auction way has the vital practical significance in its national debt release's application.
我国资金市场主导利率是官方利率，国债发行利率是其从属利率。
In China the leading interest rate of financial market is official rate with the interest rate of national debt as a subordinate one.
从今年开始，参照国际通行做法，采取国债余额管理方式管理国债发行。
Starting this year, China will follow standard international practices by adopting the method of outstanding balance management for its national debt.
本文运用现代经济计量学的方法对我国国债发行规模进行了实证研究。
The paper conducts a positive research on issuing scale of national debt by modern econometric method.
本章主要分析了影响我国国债发行市场效率的因素，并提出自己建议。
Chapter three, we analyze the efficiency of circulative market of treasure bond.
今年将是国债发行的创纪录之年，一些国家担忧在对所谓“井”的争抢中被挤到一边。
This year will be a record one for government-bond issuance, and some countries fret that they may be elbowed aside in the rush to the well.
本文通过事件研究法，研究国债发行对企业债市场和国债市场利差的影响。
This paper USES the event study method to study the impact of issuance of Treasury bonds on spreads between the Treasury bond and corporate bond.
国债发行条例和复式预算的特定安排使得人们对国债资金的投向产生了错觉。
It gives people a false impression for the using direction of national debt, because of the issuing regulation of national debt and special arrangement of double budget.
国债发行规模的研究离不开数学思维方式和数学方法，如定性分析与定量分析；
The research in the issuing scope of national debts cannot do without mathematics thinking modes and mathematics methods, such as qualitative analysis and quantitative analysis.
本章剖析了影响我国国债规模的若干因素，据此构建了国债发行规模计量模型。
This chapter analyzes the impact of China's national debt scale of a number of factors, which issued bonds to build the scale model.
得出的基本结论为：中央财政收支而非gdp是影响国债发行规模的主要因素。
The basic conclusion is as follows: it is fiscal revenue and expenditure of central government but not GDP that are the main factors that affect the issuing scale of national debt.
从2006年开始，我国将实行国债余额管理，这将对国债发行产生重大影响。
China will carry balance management of national debt into execution in 2006, which certainly will influence the optimal issuance strategy of national debt.
优化国债发行成本的关键在于降低国债二级市场偏高的收益率，优化国债期限结构。
The key to optimize the cost of bond issue lies on the lowering of the high return rate of the second market of government bond and the optimization of its term structure.
但是希腊和爱尔兰就则无法获得优待，这就是为什么这两国最近的国债发行都是通过辛迪加进行的。
But Greece and Ireland may not be treated so kindly, which is why their recent issues have been through a syndicate.
随着我国国债发行规模的不断扩大，国债回购市场也逐渐发展壮大，市场交易日渐活跃。
Along with the continuous enlarging of our bond publishing scale, the Treasury bond repo market is also gradually developing and getting strong.
影响我国国债发行规模的最重要因素是居民储蓄、GDP、国债还本付息额和财政赤字。
The most important factor that influences the size of public debt is dweller's savings, GDP, repayment of capital and interest of public debt, financial deficit.
据此基本结论建立的国债发行规模的AR - GARCH模型精度高，有很强的预测功能。
Based on this conclusion, the authors set up an AR-GARCH model of issuing scale of national debt. This model has high accuracy and strong capacity of prediction.
2009年拟安排中央财政赤字预算7500亿元，比上年预算增加5700亿元；相应增加国债发行规模。
The proposed central budget deficit for 2009 is 750 billion yuan, a year-on-year increase of 570 billion yuan, and more Treasury bonds will be issued to finance this increase.
2009年拟安排中央财政赤字预算7500亿元，比上年预算增加5700亿元；相应增加国债发行规模。
The proposed central budget deficit for 2009 is 750 billion yuan, a year-on-year increase of 570 billion yuan, and more Treasury bonds will be issued to finance this increase.
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