Local government borrowing is in for a boost

With Asia's local and regional governments increasingly mandated to develop infrastructure, subnational debt issuance looks set to increase. Standard & Poor's calls for sound financial management.

Until now, debt issuance by local and regional governments LRGs in Asia -- particularly in emerging Asia -- has been small compared with the US and Europe. But recent government policies in Asia calling for large increases in infrastructure development spending look set to change this. To improve the efficiency of fiscal stimulus measures, all government levels will be required to participate in the effort, from national to stateprovincial and local governments, including via public sector companies.

In...

To continue reading, please login or register for free

Click for more on: local governments | infrastructure | sp | debt

Print Edition

FinanceAsia Print Edition

CONFERENCES