Research On Legal Supervision Of Local Government Financing Platform Under The New Budget Law

With the reform of the tax system, in order to better the development of local economy, China’s local government financing platforms began to appear, has experienced rapid development and high speed blowout period, due to the financing platform management is not standardized, makes the risk continue to accumulate, the Chinese economy into the new normal period of development, tax reform also gradually implement, the new budget law, after many discussions, in 2015 officially implemented. This paper in the background, to the local government financing platform as the research object, through the history analysis, comparative analysis, legal regulation of the logical analysis of the local government financing platform launches the research analysis.This paper has made a statement on the background of the research, and introduces the domestic and foreign research situation of local government financing platform, as a special product of China’s economic system reform, China’s scholars from economic and legal perspective, for the transformation of local government financing platform to provide a theoretical reference. Then it introduces the definition of local government financing platform from the perspective of research, play a different role. The local government financing platform with the social and economic system continuously improved, the legal problems of local government financing platform is gradually exposed, especially under pressure to change the economy in our country, not over reliance on local government investment led GDP growth. This paper gives a detailed analysis of these laws in order to solve the problem, can be obtained in this article. Then this paper analyzes the influence of old and new budget law of local government financing platform, introduces the new pre Catalytic role transformation algorithm of local government financing platform, the local government financing platform, not blindly to laissez faire or negated, must according to the actual situation of the local economy is correct. In order to better guide the transformation of local government financing platform is proposed to meet the transformation of government functions and economic law advice, the debt of foreign to resolve the risk to do a detailed analysis, especially the local government platform in Japan, can provide reference for reference. Finally, aiming at the legal problems of local government financing platform and different methods of financing model, put forward the construction of financing platform of local government regulation suggestions and legal supervision system for local regulation. The financing platform mainly from the financial sector, the market, the new budget law and the bankruptcy system it elaborates how to manage well Local government financing platform, and the establishment of the legal and regulatory system is mainly to prevent the local government financing platform occurred debt default risk, to avoid the local government debt risk. The legal supervision system mainly settings from the regulators, risk control system establishment and responsibility clear several angles of. Through this research, hoping to in the framework of the new budget law, in the short term to resolve our country local government financing platform risk and strengthen the existing financing platform management to a strong guiding significance, long-term to of perfecting the local financing system of China formed an important reference and reference.