| Local government debt refers to direct borrowing by local governments or departments,providing the final sum of various debt guarantees,such as the formation of debts repaid by the government. With the economy developing, the government investment for infrastructure is growing and the construction funds the government needs is also growing. The main source of construction funds is the fiscal revenue,coming from taxes or land debts. When the fiscal income can not meet the growth needs of the construction funds, local governments have become increasingly dependent on debt income. Debt risk highlighted with the current size of the rapid expansion of local government debt. How to build the county local government debt risk assessment system to effectively manage local government debt, prevent financial risks and maintain financial stability and sustainable development has become an attendant problem and a major reality worthy of further study subject.This article is in this context. The current situation of local government debt risk is based on the authenticity of the data, starting from the empirical analysis and constructing evaluation index system of local government debt risk. Drawing on the prevention experience of foreign countries and the proposed policy research,we get innovative local government financing mechanisms.The full text is divided into six parts. The first and second part is an introduction, introducing the background and significance of this study and current research. The paper uses logical thinking and research methods. The third part of the local government debt and local government debt risks related theoretical concepts were defined definition, introducing the concept of local government debt and local government debt risk, classification and characteristics. The fourth part introduces the theory describes the research method used fuzzy comprehensive evaluation method. Fifth and sixth section are empirical analysis and specific policy recommendations. |
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