Study On The Risk Prevention Of Local Government Debt In Gansu Province

In 1994,our country implemented the tax reform,the local government financial power decreases obviously,local government revenue mainly comes from the instability and slow growth in incomes of scattered tax,land transfer,the central transfer spending,the local debt and the place of direct financing,greatly limits the local government to complete the programs for newly added investment ability of the central government.After the international financial crisis in 2008,the Chinese in order to ensure rapid economic rights long to implement a proactive fiscal policy and a gap in the income of local government spending,in order to form a complete set in the center of the capital,local government fiscal and debt financing only through land two ways to access to capital and economic development.But as China's land finance reduced year by year,large investment funds can only be implemented on local government debt,as a result,the macroeconomic situation and fiscal revenue growth rate slowing down to increase the possibility of the rapid growth of local government debt scale,the local government debtsnowball.Gansu province is located in the northwest of China,with low geographical advantages,weak economic foundation and insufficient fiscal revenue.At all levels to promote the development of the economy,the local government had to take various measures to direct and indirect financing,the resulting amount of government debt accumulated quantity increases year by year,gansu province,heavy burden,and present a "stealth" debt increases gradually,the rapid growth of fiscal expenditure responsibility scale characteristic,the debt risk in gradually formed and accumulated.But debt is a "double-edged sword",gansu province infrastructure debt,poverty alleviation,in a crucial task of the people's livelihood security pressure big,the economic and social development requires a lot of money,so we need to identify and measure risks,in order to effectively control risk,prompting the gansu province within the scope of national policy framework existing positive effective development,specification,debt financing,promote local economic and social sustainable and healthy development,it is an important subject in front of us.Therefore,this article aims to local government debt risk identification and assessment in gansu province,and put forward the policy recommendations of control and risk prevention,the author collected with the method of literature analysis and the relevant literature and information,this paper provides the theory basis;As far as possible to collect data on local government debt in gansu province in recent years,with the facts,with data,using charts and data of local government debt to the combination of qualitative and quantitative analysis;In the process of research,adhere to the theory with practice,combined with practical work,through on-the-spot investigation and study ways to collect first-hand information,reflect the local government debt scale,gansu province,to identify and analyze the situation and potential risk,from the institutional framework and the supervision system,risk early warning,accountability,credit system is put forward in five aspects to guard against and dissolve the debt risk of local government in gansu province countermeasures and Suggestions.