Research On County-level Government Debt Budget Management Issues

Since years of reform and opening up,in order to accelerate local economic development,constructive financing needs soared.But local financial resources failed to meet the economical needs,local government had to choose a variety of debt financing,forming a large-scale local debt.Although these debt has prompted the development of local economics,the large-scale debt and unregulated management led to enormous risk.Therefore local government debt has become the economic focus since these years..However,study on the management of budget of local government debt still remains a weak one in theoretical circles of China.Only pilot projects were carried out in some provinces and cities,but the pilot explored many controversies.Studies from the experience of foreign counties are not available for direct urgent need to further strengthen the theory to guide practice work,which is the research background.In this article,the theory of country-level government debt as a starting point,it is first to define the concept and content of local government debt,to analyze the present situation and existing problems of government debt budget management,to build the basic framework of China’s local government debt budget system combined with international advanced experience,last to put forward some suggestions to improve the budget management.Effective controlling the risk of local government debt is an important aspect of our government’s work,the method to sovle the problem is to manage local government debt into budget management.The current budget covers four systems,i.e.public finance budget,state-owned capital management budget,governmental funds budget and social-security budget.In order to put debt budget into budget management,country-level government debt budget should be made and connect it to public finance budget,finally to control and prevent local government debt risk.