Indlela yokubala i-Muni-Treasury Ratio
Okokuqala, makhe sibhekise kwimathementi emva kwesilinganiselo. Ngethamsanqa, kungumlinganiselo wesivuno kwi-AAA-ezilinganiselwe izibophezelo zikamasipala ezihambelana nesivuno kwi-Treasury yase-US yokukhula okufanayo.
Ukuba isivuno kwi-AAA munis yi-1.5% kwaye isivuno kwiNondyebo yeminyaka eyi-10 ngu-2.0%, umlinganiselo ngu-0.75.
Umgangatho ophezulu we-muni-weNondyebo, i-munis ekhangayo ngakumbi ihambelana noNondyebo. Kuyo yonke imbali, umyinge uye wafikelela kwi-0.8. Izivuno kwiibhondi zikamasipala ziphantsi koko ziphantsi kunezooNondyebo kuba umdla kumasipala uyahlawulwa , nangona inzala kuNondyebo ityala. Abatyalomali, ngoko ke kufuneka ukuba izityalo eziphezulu zityalomali kwiiNondyebo.
Ziziphi izinto ezichaphazela ukulingana kwexesha?
Uninzi lwezinto ezingena ekunqumeni ukuba umlinganiselo we-Treasury uhlala nini na.
Okokuqala yinqanaba lesiseko, okulinganiselweyo kwerhafu yeerhafu kumasipala-mali. Nesi sizathu sokuba: i-muni-Treasury ratio i .75. Kulo nqanaba, umtyalomali kwi-bracket yama-25% ufumana isivuno esilandelayo emva kwentlawulo kumasipala kunye noNondyebo. Ngokomzekelo, i-munis ivelisa u-3% kunye noNondyebo bakhupha 4%.
Umvunyi-ntlawulo emva kokuhlawula ityala ngu-3% (4% x .75), ngoko isivuno kwizibophelelo ezimbini sibalingana. Ngokuhamba kwexesha, iimarike ezimbini kufuneka zifikelele kwisilinganisi esekelwe kwisantya serhafu somyinge wesiseko-mali-mali njengoko abantu bethengisa kwaye bathengise izigqibo ngokubhekiselele kwizivuno zabo zerhafu.
Ngelishwa, akuyona into ecocekileyo ebomini boqobo.
Inani leminye imiba liye lafikelela ekuqaliseni umyinge okhoyo, kubandakanya:
- Inyaniso yokuba i-munis ayinamanzi amaninzi (oko kukuthi, kuthengiswa ngaphantsi) kunobuncwane, obuchaphazela intengo.
- Iimarike ezimbini zineenkcukacha ezizodwa zokunikezela-kunye nezidingo. Ngo-2012, umzekelo, iibhondi zikamasipala zaxhaswa ngokuhlanganiswa kwemfuneko ephezulu kunezona ziqhelekileyo kunye neenkonzo ezingezantsi-eziqhelekileyo, ezanceda ukunyusa amaxabiso abo malunga noNondyebo.
- Isiseko sotyalo-mali kwiimarike ezimbini zihluke kakhulu. Iimarike zeNondyebo ziba neendlela eziphezulu zokuthengisa abathengi bexesha elifutshane, kanti i-market ye-muni ilawulwa ngabatyalo-mali bexesha elide. Ngenxa yoko, iibhondi zikamasipala zihlala zihamba ngokuthe ngcembe kunezoNondyebo, ezichaphazelayo umlinganiselo.
- Umlinganiselo we-muni-Nondyebo uphendukela kwiindleko zerhafu yexesha elizayo , kwaye kungekhona ukuba ixabiso lithini ngoku.
I-Muni-i-Treasury Ratio Namhlanje
Ukususela ngoxinzelelo-mali lwe-2007-2008, umlinganiselo we-Treasure u-Hulumeni uphezulu ngaphezu kwesiganeko saso sembali. Isizathu esiyinhloko sale nkqubo ye-US Federal Reserve eyenzelwe ukubuyisela ukubuyiswa, kubandakanywa amazinga omdla aphantsi kunye nokunciphisa ubuninzi. "Ngokubambisana, le migaqo-nkqubo iye yabangela ukuveliswa kweeNondyebo eziphantsi kwamanqanaba apho ziya kuba ngaphandle kwefuthe leFuthi kwimarike.
Ngako oko, isivuno esisezantsi senze ukuba i-muni-i-Treasury iphakame ngaphezu kwamanqanaba afanelekileyo kwaye ifikelele phezulu njengoko i-100% ukuya ku-120% ububanzi-inqanaba elingazange libonwe ngaphambi kweengxaki kunye nezenzo ze-Fed ezilandelayo.
Ukuyibeka Konke
Isilinganisi se-Treasury esisinye isisityeli esisodwa sinokusebenzisa ukuvavanya ukubaluleka kweebhanki zikamasipala. Nangona kunjalo, ezininzi izinto zichaphazela umlinganiselo omele uhlale uqwalaselwa ngokubambisana nomfanekiso otyalo-mali. Ukongezelela, kubalulekile ukukhumbula ukuba ama-municipals angakwazi ukuvelisa ukubuyiswa okubi xa umlinganiselo ophakamileyo ukususela ekuhlahleni kwixabiso loNondyebo kuya kuhamba kunye nokuchithwa okufanayo kumasipala. (Gcinani engqondweni, amaxabiso kunye nezivuno zihamba kwindlela echaseneyo ). Njengamaxesha onke, kungcono ukhethe utyalo-mali lwakho ngokusekelwe kwiinjongo kunye neenjongo zakho, kunokuba wenze izigqibo kwiimeko zemarike.