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href=\"#\u8a3b2\">\u3010\u8a3b2\u3011<\/a>\uff0c\u7f8e\u570b\u806f\u90a6\u653f\u5e9c\u50b5\u52d9\u7e3d\u984d\u7d0430\u842c\u5104\u7f8e\u5143\uff0c\u5176\u4e2d7\u842c\u5104\u7f8e\u5143\u662f\u806f\u90a6\u653f\u5e9c\u4e4b\u9593\u7684\u76f8\u4e92\u501f\u8cb8\uff0c23\u842c\u5104\u7f8e\u5143\u662f\u516c\u773e\u4eba\u58eb\u6301\u6709\uff08debt held by the public\uff09\uff0c\u5f8c\u8005\u7684\u4e09\u5206\u4e4b\u4e8c\u5c6c\u570b\u5167\u6295\u8cc7\u8005\uff0c\u4e09\u5206\u4e4b\u4e00\u5c6c\u5916\u570b\u6295\u8cc7\u8005\u3002\u7f8e\u570b\u570b\u5167\u6301\u6709\u570b\u50b5\u6700\u591a\u7684\uff0c\u662f\u901a\u904e\u7f8e\u50b5\u5e02\u5834\u8abf\u63a7\u8ca8\u5e63\u653f\u7b56\u7684\u806f\u5132\u5c40\uff0c\u7d04\u67096\u842c\u5104\u7f8e\u5143\uff0c\u4e3b\u8981\u662f4\u6b21\u91cf\u5316\u5bec\u9b06\u7684\u7d50\u679c\u3002\u806f\u5132\u5c40\u6309\u8a08\u5283\u7e2e\u8868\u7684\u8a71\uff0c\u6301\u6709\u7684\u7f8e\u50b5\u5c07\u6703\u6e1b\u5c11\u3002\u5176\u4ed6\u570b\u5167\u6301\u6709\u570b\u50b5\u7684\u4e3b\u8981\u662f\u91d1\u878d\u6a5f\u69cb\uff0c\u5c0d\u570b\u50b5\u7684\u9700\u6c42\u8996\u4e4e\u696d\u52d9\u7684\u767c\u5c55\u548c\u8cc7\u7522\u7d44\u5408\uff0c\u5927\u6982\u4e0d\u6703\u589e\u52a0\u5f88\u5feb\u3002<\/p>\n<p>\u81f3\u65bc\u5916\u570b\u7684\u7f8e\u50b5\u6295\u8cc7\u8005\uff0c\u4e3b\u8981\u662f\u65e5\u672c\u548c\u4e2d\u570b\uff0c\u4f46\u5169\u570b\u6700\u8fd1\u90fd\u5927\u91cf\u6e1b\u6301\u7f8e\u50b5\u3002\u4e2d\u570b\u6301\u6709\u7f8e\u570b\u570b\u50b5\u9ad8\u5cf0\u6642\u662f2013\u5e74\u5e74\u5e95\u7684\u7565\u9ad8\u65bc1.3\u842c\u5104\u7f8e\u5143\uff0c\u4f46\u81f3\u53bb\u5e7411\u6708\u5e95\u53ea\u5269\u99188700\u5104\u7f8e\u5143<a href=\"#\u8a3b3\">\u3010\u8a3b3\u3011<\/a>\u30022022\u5e7411\u6708\uff0c\u5916\u570b\u6301\u6709\u7f8e\u570b\u50b5\u52d9\u7e3d\u503c\u6bd4\u4e00\u5e74\u524d\u6e1b\u5c11\u4e864585\u5104\u7f8e\u5143\u4e4b\u591a\u3002\u9019\u6216\u8a31\u56e0\u7f8e\u5143\u5927\u5e45\u5347\u503c\uff0c\u6709\u4e9b\u592e\u884c\u8ce3\u7f8e\u5143\u4f86\u7a69\u5b9a\u532f\u7387\u3002\u53c8\u6216\u8a31\u56e0\u5730\u7de3\u653f\u6cbb\u7684\u8fc5\u901f\u6f14\u8b8a\uff0c\u6709\u4e9b\u570b\u5bb6\u5206\u6563\u6295\u8cc7\uff0c\u6e1b\u5c11\u6301\u6709\u7f8e\u5143\u8cc7\u7522\u3002\u7e3d\u7684\u4f86\u8aaa\uff0c\u53ef\u4ee5\u9810\u671f\u7f8e\u50b5\u9700\u6c42\u7684\u589e\u9577\u6703\u4f4e\u65bc\u4f9b\u61c9\u7684\u589e\u9577\uff0c\u7f8e\u5143\u7684\u5be6\u8cea\u5229\u7387\u6709\u56de\u5347\u7684\u8da8\u52e2\u3002<\/p>\n<p>&nbsp;<\/p>\n<p><a id=\"\u8a3b1\" name=\"\u8a3b1\"><\/a>\u8a3b1\uff1a<a href=\"https:\/\/www.cbo.gov\/system\/files\/2022-05\/57950-Outlook.pdf\">https:\/\/www.cbo.gov\/system\/files\/2022-05\/57950-Outlook.pdf<\/a><br \/>\n<span><\/span><\/p>\n<p><a id=\"\u8a3b2\" name=\"\u8a3b2\"><\/a>\u8a3b2\uff1a<a href=\"https:\/\/www.pgpf.org\/blog\/2022\/09\/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt\">https:\/\/www.pgpf.org\/blog\/2022\/09\/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt<\/a><br \/>\n<span><\/span><\/p>\n<p><a id=\"\u8a3b3\" name=\"\u8a3b3\"><\/a>\u8a3b3\uff1a<a href=\"https:\/\/ticdata.treasury.gov\/Publish\/mfh.txt\">https:\/\/ticdata.treasury.gov\/Publish\/mfh.txt<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u9678\u708e\u8f1d\u535a\u58eb<\/strong><br \/>\n<strong><span>\u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u69ae\u8b7d\u526f\u6559\u6388<\/span><\/strong><\/p>\n<p>\uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e8c\u6708\u4e00\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"tags":[],"class_list":["post-181134","thought-leadership","type-thought-leadership","status-publish","hentry","leadership-topic-categories-hkej-column-tc","in-the-media-topic-categories-faculty-tc"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" 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\u8a3b1\uff1ahttps:\/\/www.cbo.gov\/system\/files\/2022-05\/57950-Outlook.pdf \u8a3b2\uff1ahttps:\/\/www.pgpf.org\/blog\/2022\/09\/the-federal-government-has-borrowed-trillions-but-who-owns-all-that-debt \u8a3b3\uff1ahttps:\/\/ticdata.treasury.gov\/Publish\/mfh.txt \u9678\u708e\u8f1d\u535a\u58eb \u6e2f\u5927\u7d93\u7ba1\u5b78\u9662\u69ae\u8b7d\u526f\u6559\u6388 \uff08\u672c\u6587\u540c\u6642\u65bc\u4e8c\u96f6\u4e8c\u4e09\u5e74\u4e8c\u6708\u4e00\u65e5\u8f09\u65bc\u300a\u4fe1\u5831\u300b\u300c\u9f8d\u864e\u5c71\u4e0b\u300d\u5c08\u6b04\uff09\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.hkubs.hku.hk\/tc\/research\/thought-leadership\/hkej-column\/%e7%be%8e%e5%9c%8b%e9%87%8d%e9%99%b7%e5%82%b5%e5%8b%99%e4%b8%8a%e9%99%90%e6%b3%a5%e6%b2%bc\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2023-02-02T01:54:32+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2023-02-02T01:54:31+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" 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