Xu Haodong didn't think twice, "It's very simple, take the equity and controlling stake of Sanshui Bank and Qingyang Bank as collateral. ”

Yuan Fengping was stunned for a moment, and said with a wry smile: "Haodong, you are too ruthless, as far as our two cities are concerned, the bank's little money is one of our few high-quality assets." ”

Xu Haodong said with a smile: "It's good to figure it out, this is just a mortgage, as long as you repay the money on time, your bank assets are still your own." ”

Shen Kang said: "It's so decided, we will borrow 20 billion." ”

Yuan Fengping said: "We also borrowed 20 billion. ”

Xu Haodong said: "No problem, the specific affairs will be handed over to a few mayors, Lao Shen, Fengping, what I care about is your government debt, if you don't tighten your belt to repay the debt, it won't help to borrow 200 billion from you." ”

Yuan Fengping said: "The total debt of our Qingyang City was 155 billion yuan at the end of last year, and with the integration of the four cities, we have repaid 35 billion yuan, and it is expected that we will be able to repay 5 billion yuan by the end of the year." According to the four-city integration agreement, it should be possible to clear the government debt within three years. ”

Shen Kang said: "Our Sanshui City has the largest debt, and as of the end of March this year, the total debt is more than 270 billion yuan. We have already repaid more than 65 billion yuan in debts, and if we add in the asset restructuring and debt stripping of some municipal enterprises, we will be able to repay more than 100 billion yuan of debts this year. Therefore, our three-year debt repayment plan in Sanshui City is completely achievable. ”

Li Zijian brought lunch, and the four secretaries continued to talk while eating.

Shen Kang said: "Haodong, I don't know much about economics, I want to ask why you want to use government debt first in the process of integration of the four cities." ”

Xu Haodong was not in a hurry to answer Shen Kang's question, but said to Yuan Fengping: "Fengping, you came up from the mayor's office, you have a better understanding of the financial situation of the four cities, and you can talk about the people's livelihood part of the financial expenditure of the four cities." ”

Yuan Fengping said: "Excluding education spending, the part used for people's livelihood is like this. Yunling City accounted for 45 percent, Sanshui City accounted for 32 percent, Haizhou City accounted for 27 percent, and Qingyang City accounted for 29 percent. ”

Xu Haodong said: "Please take last year as an example and talk about the specific figures. ”

Yuan Fengping said: "Last year, Yunling City spent 15.5 billion yuan on people's livelihood, Sanshui City on 8.2 billion, Haizhou City on 5.3 billion, and Qingyang City on 4.1 billion. According to the statistics of the registered population, the financial expenditure on people's livelihood is 3,700 yuan per capita in Yunling City, 1,800 yuan per capita in Sanshui City, 1,100 yuan in Haizhou City, and 1,000 yuan in Qingyang City. ”

Xu Haodong asked Liu Bingyun again, "Lao Liu, how is the personal income of the four cities?" ”

Liu Bingyun said: "I know that last year's per capita disposable income was 80,000 yuan in Yunling City, 57,000 yuan in Sanshui City, 42,000 yuan in Haizhou City, and 37,000 yuan in Qingyang City. ”

Xu Haodong said: "The integrated development plan of the four cities was first put forward by Governor Shang Jingwu, and its core content is to let your three cities be on par with our Yunling City. Secretary Li Zhihong put forward two specific indicators, that is, the proportion of per capita disposable income and fiscal expenditure for people's livelihood. ”

Shen Kang nodded and said: "Secretary Zhihong also talked to me, the ultimate goal of the integration of the four cities is to make our three cities on par with your Yunling City." ”

Xu Haodong said: "There is a key factor in this, that is, your three cities, like our Yunling City, are mainly based on the real economy and the private economy, which is the key prerequisite for the integration of the four cities." ”

Yuan Fengping said: "I agree with this, but, Haodong, like Lao Shen and Lao Liu, I still don't understand what is the inevitable relationship between this and keeping fiscal revenue and expenditure and government debt cleared." ”

Xu Haodong said: "The government debt is cleared, first of all, of course, to prevent financial risks. As you know, based on the actual situation of your three cities, if you don't find a node to solve the debt problem, you will rely on the original borrowing of new debts to repay the old debts, and the debts will never be resolved. That is, this time the integration of the four cities, everyone has built a high-tech industrial park, relying on land transfer to solve the debt problem. I dare say there won't be a second chance like this. ”

Yuan Fengping said: "It makes sense. ”

Xu Haodong said: "The second is the unsustainable land finance. Everyone knows this truth, but they can't stop it, and if they continue to develop, it will be a punishment for financial risks. The country's total debt of tens of trillions of yuan, counting on the central government's financial back, is simply eating popsicles in the winter, and it is impossible to get it. ”

Liu Bingyun said: "This truth is also well known. ”

Xu Haodong said: "The third and most important thing is the common feature of our four cities, which is mainly based on the real economy. This characteristic determines such practical problems: economic entities cannot be expanded indefinitely, land cannot be sold indefinitely, the growth rate of fiscal revenue is stable but relatively slow, and people's livelihood needs strong government support, and so on. From an economic point of view, the government cannot operate in debt for a long time. ”

Shen Kang nodded and asked, "Is there anything else?" ”

Xu Haodong said: "The last and most important thing is the political issue. That is, there is still a certain gap between the growing needs of the people and the current development. That is, high-quality development is needed, so that the people can continue to enjoy the dividends of reform and opening up. ”

Yuan Fengping said: "What do you mean is that the increasing fiscal expenditure is tilted towards the people's livelihood and the establishment of a variety of welfare systems is to let the people continue to enjoy the dividends of reform and opening up." ”

Xu Haodong said: "Isn't it? The developed capitalist countries have a well-developed welfare system, and the socialist countries should not only do it, but they should do it better. For example, in addition to the personal pension and social pension, we must not forget the government pension, which is the responsibility of the government and the political responsibility of the ruling party. ”

Liu Bingyun nodded and said: "I fully understand that if we do not eliminate government debt, we will not be able to increase fiscal expenditure on people's livelihood, and we will not be able to let the people better enjoy the dividends of reform and opening up." ”

Xu Haodong said: "I revealed an important information, Secretary Li Zhihong talked to me and mentioned the three of you. He said that he hopes the three of you can understand what the biggest politics is, and this biggest politics is the four points I just mentioned. ”

Shen Kang sighed: "In the past, GDP was in charge, which was a sign of political achievements and the main criterion for promoting cadres, but now it is different. ”

Xu Haodong nodded and said, "Lao Shen is on point." Within three years, the debt will be cleared, which is your greatest political achievement. ”

Yuan Fengping asked: "Haodong, relying only on land transfer money to repay debts, the task is very heavy and difficult, do you think there are any other ways?" ”