Countermeasure Research Of Local Government Debt Management

Local government debt is a special finance revenues with the characteristics of regional economy and administrative system structure.The form of government investment funds to participate in the market operation and financial transactions.The assuming undertakes are the rational regression of government guiding and the logic track of market developing.Emphasizing on the macro normality regulation of financial security and the micro prudential supervision of budgetary accounting.Due to the local government's autonomy is limited,rely on the distribution of tax rebates and transfer payments to maintain the basic balance of the budget on the book.In reality,for the heavy of spending,take the way of debt to fill the financing.In recent years,the audit verification found that,the local government into sought or have debt financing risk of outside budget system and unreasonable factors of subjective-objective economic interests expansion,aggravate the original of horizontal financial imbalance degree.Even if it is some part of the pilot,and the new budget law to allow local governments issue bonds case.There are still the problem of intergenerational based on the debt cost and income period imbalance in isolation in the annual budget and cash accounting system.So structural differences and inelastic conduction on short-term of inflexible debt,reduce the ability of the financial policy support.It is necessary to forcing the government to carry out the strategic financial power planning and the balance of the cost of financing decisions,to studying the reality that life-cycle of the choose and arrangement of the financing institutional and design of the contract.From the inspired by the strategy of deepening the reform of the permanent way and the modern philosophy of social good governance between the central and local government.Reference the economic field the balance of relation strategy with number model match and index contact control.The analysis causes in consequence to establish systematic framework from the current characteristics and influence of the local government debt.Try to finding the solutions in the process of legal regulations and system reconfiguration for cracking.In order to realize the balance of the local government debt to match on the amount and the local fiscal more efficient of the expenditure in quality.