Consider the premise. Does the hypothesis naturally and logically follow? Premise: Also, under credit reform, the credit subsidy cost is recorded as an outlay when a direct or guaranteed loan is disbursed. Hypothesis: When a direct loan is disbursed, the credit subsidy cost will be recorded as an outlay under the reform.
Also, under credit reform, the credit subsidy cost is recorded as an outlay when a direct or guaranteed loan is disbursed.###When a direct loan is disbursed, the credit subsidy cost will be recorded as an outlay under the reform.