On April 12 , Professor Bruce Rasmussen from Victoria University, Australia, presented an academic lecture on ‘LOCAL’ GOVERNMENT DEBT MANAGEMENT IN AUSTRALIA for junior students in Public Finance in Room 106 of Shahe Campus. Professor Li Zhen of Public Finance School hosted the lecture.

Professor Bruce is the director of Centre for Strategic Economic Studies，Victoria University. Firstly, he analysed the different national conditions between Australia and China, aiming at helping the audience to comprehend the topic of the lecture. Secondly, he compared the local government debt level in Australia with China, America and some other countries. Thirdly, he addressed the debt history of Australia. Fourthly, he focused on the significant functions of the Australian Loan Council in managing Commonwealth–State borrowing. Finally, he commented the management of local public debt in China.

The junior students actively asked questions. The lecture broadens their academic horizon,inspires them to participate in academic research.