Research On The Management Of Local Government Financing Platform

With the rapid development of China's social economy,the funds needed for the development of local governments are also growing.After system reform,in many parts of the tax revenue has decreased in our country,at the same time local governments to the central transfer payments dependence in growing,makes the local fiscal expenditure gap increasing accordingly.In order to effectively solve the contradiction between the right and the right of finance,the local government has established the investment and financing platform and effectively alleviated the shortage of local funds.From an objective point of view,the establishment of local government investment and financing platform has improved the rate of local infrastructure construction and ensured the rapid development of local economy.However,there are many deficiencies in the development process of investment and financing platforms,resulting in more and more local government debts and increasing pressure.In October 2014,China issued 43 documents,which can be summarized as follows: lock the current stock debt and achieve only the reduction;To effectively regulate local government investment and financing;To separate investment financing platform from government financing function.The policy of separating the platform from government financing is the biggest and deepest influence on the local government investment and financing platform,which clearly defines the scope of government and enterprises.In this paper,through literature research,cases analysis,social investigation method and other methods,in combination with the development of Chinese local government investment and financing platform evolution,in ruzhou government investment and financing platform for the analysis object,this paper expounds the various problems of the investment and financing platform in the process of running.It is found that many investment and financing platforms have a series of problems,such as irregular capital operation,imperfect governance structure,risk of asset integration and strict control of local government.Therefore,proposed to establish and perfect the local government investment and financing mechanism of operation and management,make it more standardized and normalized,at the same time to strengthen the government disclosure of finance information strength and perfect the related system,further establish risk early warning mechanism,create a standardized operation and complete structure of investment and financing platform,ensure the social economy fast and steady development of our country.The research of this paper can provide some references for the management and operation of the government investment and financing platform of ruzhou city,and it can help to improve the efficiency of investment and financing platform.In addition,the countermeasures proposed in this paper are conducive to the promotion of local economic development by the investment and financing platform,and to realize the local government investment and financing platform by multi-way quality and structure of the optimal number of shift,eventually forming a stable and rapid development of the local government investment and financing way.