A Study On Local Government Liabilities Problems And Countermeasures Of Deyang City In Sichuan

Government debt is defined as a function of the government and its departments to borrow directly, providing security, land the final mortgage must repay the debt by the Government. In this paper, research Deyang city in Sichuan Province on the basis of the debt burden,through rational analysis, to explore solutions to government debt means excessive.As of the end of 2006 debt balance of Deyang City 10.122 billion yuan. Deyang city liabilities exist the following characteristics: (1) Total liabilities and a wide range of tremendous. Government at all levels liabilities amounted to 10.122 billion yuan in the province ranked second only to Chengdu (2) units and the large proportion of personal debt. Governments at all levels in the city's liability to the units and individuals debt of 2.693 billion yuan, accounting for the city of the 26.61% of total liabilities, of which 576 million yuan of personal debt (including cleaning up "two gold, three chaos" of payment of personal debts), of the city's total liabilities of 5.69%. (3) conversion of local financial risk from the large government debt. Local governments straighten out the "two gold, three chaos", urban credit cooperatives, trust investment companies and other kinds of local financial risk form of government liabilities amounted to 2.604 billion yuan, accounting for the city of the 25.73% of total liabilities.Liabilities reasons from the perspective: (1) policy is the result of one of the main causes huge liabilities (2) lack of co-ordination department, the decentralized decision-making, the lack of centralized management and administrative irregularities caused the loss as a result of the total liabilities The direct cause of too much, (3) the transformation of government functions is not in place, the lack of borrowing, investment, security risk awareness, easily intervene in competitive fields, resulting in massive government debt, (4) the pursuit of a city's image and performance, ultra-financial debt, the short-term goal of the act, local governments to create a heavy debt burden.Measures proposed measures include: (1) unified understanding, and enhance awareness of debt risk, the government put on the problem of indebtedness at all levels in the major agenda of the Government, (2) from other regions to resolve the debt experience. Take effective measures to absorb the existing debt, (3) strengthen the supervision of local financial institutions, guard against and defuse financial risks places (4) to strengthen local government debt management system development, and actively prevent and resolve local government debt risks; (5) strengthen or debt management and control; (6) the transformation of government functions and speed up innovation of financial management systems and building the institutional framework of public finance; (7) further improve the township (town) financial management system for the township (town) Government, in particular, the creation of favorable conditions for debt digestion; (8) Vigorously developing the local economy, strengthening of regional, county financial base, enhance the financial strength to absorb the debt to provide important financial support.