| In recent years,China’s overall economic situation has steadily risen,and people’s living standards have gradually increased.The demand for public services has also been increasing.In addition,local finances have become tight.In the past,investment models of public projects led by the public sector,state-owned enterprises,and central enterprises alone could not satisfy the status quo.It gradually evolved into cooperation between the government and social capital and jointly invested in infrastructure construction.The PPP model,which is a public-private new public investment model,can combine the advantages of social capital in financing,technology,and management with the advantages of public sector policies,regulations,and land resources,and exert the effect of one plus one over two.Infrastructure and public utilities are increasingly used.In April 2015,the Ministry of Finance promulgated the "Guidance Guidelines on Financial Sustainability of Government and Social Capital Cooperative Projects." It explained the process,argumentation method,and simple formula of financial affordability demonstration.This move is of great significance in regulating the healthy and sustainable development of China’s PPP model,effectively preventing the implementation of some “false PPP” projects,but local governments still lack understanding of this,there are arguments to pass,the information disclosure is not timely and incomplete,etc..Based on the analysis of the financial sustainability process in the third chapter,the fourth chapter proposes the following risks that are demonstrated: the rationality risk,the fiscal fairness risk,the financial budget control risk,and the rationality of the measurement method And local government credit risk.The fifth chapter takes D city as an example,analyzes the problems existing in D city’s financial endurance ability assessment,and corresponds to the fourth chapter risk.Chapter 6 proposes countermeasures for risk avoidance on the basis of research:developing quantitative assessments,appropriately adjusting standards for argumentation,standardizing the main body of argumentation,strengthening thesupervision of consulting institutions,standardizing the demonstration procedures for user-funded projects,strengthening local budget management and improving project life Responsibility;regularly update the argumentation data,improve information disclosure and maintenance.The above measures will help prevent risks,promote the standardization of financial sustainability,and ensure the accuracy and authenticity of the demonstration results. |
