What is the debt ratio of local governments?

The so-called local government debt refers to the internal and external debts borrowed or legally guaranteed by the local government and its subordinate budget units and repaid by the government under certain conditions. If the local debt ratio is high, you should pay attention to it when investing.

I have always been cautious in investing, not considering those that are unreliable, but I didn't expect to be planted here in the national debt. . . I bought this product "Direct Debt Financing of Sandu County Urban Construction Investment Co., Ltd. 20 16" on 20/6. This product is used in infrastructure construction project of farmer's market in Sandu County. But it has been overdue for more than a month, not to mention interest, and even the principal has been confiscated. The official doesn't even have a formal explanation. This is the rhythm of cutting leeks. ! !

The reason why I dared to start was because I took a fancy to the financing of state-owned enterprises and the guarantee of state-owned assets, thinking that big enterprises would not play dirty, but I was wrong. National debt began to pit investors' hard-earned money? The scale of funds raised by the project I invested is less than 200 million, thinking that the registered capital of the guarantee company alone is 3 billion. Hey, now I want to ask: where is the 505 million land mortgage? Can't state-owned enterprises even send our money? Didn't the government support it with three letters? Is anybody there? Will Sandu County People's Government, Finance Bureau and NPC Standing Committee turn a blind eye to such a thing? In this way, where will the government's credit be placed? Where should we put the people's trust in the country? Your life savings won't go down the drain because of your casual notice, will you? This is the hard-earned money of our family. There is no reason to postpone or extend it. We won't accept it! ! ! Now, is there any misappropriation of project funds in the incident? Please pay attention to the existence of corruption and bribery, and hope that CPC Central Commission for Discipline Inspection will intervene in the investigation and give us a reasonable solution as soon as possible, so as not to let us lose trust in the government! ! !