Research On The Transformation And Development Of Local Government Investment And Financing Platforms

As everyone knows,the tax system reform to achieve national fiscal revenue growth in our country,especially for the central government,the property has been hitherto unknown to stabilize and improve.There is no doubt that the strengthening of the central financial ability of the public expenditure in China is growing,but the problem is that our local the government in social construction,economic development and improving people's livelihood and to further strengthen the powers at the same time,due to the weakening of local government financial resources lead to the relative weakening of the financial situation.So,in order to solve the problem of shortage of funds in the face of the local government investment and financing platform in the financial authority and powers not serious The matching conditions can be emerged.Since its emergence and development so far,has provided strong financial support for the regional infrastructure construction and economic development of local government investment and financing platform,has made an indelible contribution to the stable development of social infrastructure and the continuous improvement of China's economic construction.But there is no denying the fact in the process,the local government investment and financing platform for financing,due to various reasons,today has resulted in most areas of China saddled with a huge debt,so many local governments face the depth of the financial crisis,which accumulated in decades in the process of the development of local government financing platform All sorts of drawbacks and deep-seated problems have to get rid of and solve.At the same time,China's economic growth since 08 years after the financial crisis gradually slowed down,showing a new development trend.In order to promote the smooth transition of China's economic development,an important measure to expand domestic demand is still essential,which requires local governments to further increase the coordination of central public expenditure,strengthen investment and consumption.Therefore,in the local government fiscal revenue is lower than its expenditures,investment is still the local government financing platform for security expenditure and effective way of raising funds.However,in the emphasis on local government investment and financing platform at the same time,a problem we can not be ignored is changed significantly related to current policy environment: The promulgation of the <New budget law >and the implementation of the made new rules and restrictions on investment and financing platform of local government functions;<Relevant content on strengthening local government debt management >advice also clearly require that such financing platform companies must adjust and change.Thus,the local government investment and financing platform already in an increasingly grim economic situation and policy environment,it is necessary to make corresponding adjustments and changes to get the new development.This article is based on the transformation and development of the local government financing platform are deeply researched.This paper based on previous theories,based on the background of new era,the first is about the theoretical basis of local government financing platform was analyzed,and then taking Guizhou Province as an example to its current development,local government financing platform operating characteristics,key problems and the reasons of the start of a more comprehensive and in-depth analysis with the discussion,finally through drawing lessons from the advanced experience of international,aiming at various problems in reality,put forward to achieve the transformation and development of the realization of the path and specific measures to improve the investment and financing platform of local government.