On The Difficulties And Countermeasures Of Local Government Debt Risk Management

Local government debt risk has become an difficult problem that most countries face.While admitting its rationality,we must realize its negative impacts in government operation,economic development and politic stability.Under unreasonable system of finance,banking and supervision,local government debt risk of China has been prominent,and might turn into crisis.In fact,local government debt risk has threatened to the sustainable development of economy and society.Preventing and controlling the debt risk has also become an important task for our academic circle and governmentDefusing its risk and avoid its negative impacts requires us to set up a scientific and effective debt risk management mechanism.This article follows the general mode of dissertation writing.First,explain the concept of local government debt,local government debt risk and analysis its negative impacts.Then,describe the current situation of government debt risk in our country,and summarize the status of debt risk management in our country from the angles of institution,regulation and law.In the meantime,introduce the local government debt risk management pattern of America,Japan,Canada and Australia,and sum up some experiences.Finally,based on the research findings of others,put forward some countermeasures.and hope to provide some train of thought.