Research On Debt Information Disclosure Of China's Local Government

The debt risk of local government has grown sharply in recent years,and a serious threat to the stable operation of the financial system and the national financial security.To establish a complete system of government debt information disclosure,fully disclose information on local government debt,is an important mechanism to prevent and control the government debt risks.First of all,this paper expounds "what is it".The disclosure of information of our local government debt effect is not ideal,between incomplete content,departments disclose data inconsistency problems such as nonstandard,disclosure mode.Then,this paper analyzes "why".Local government debt problems on the disclosure of information,and the incomplete inaccurate accounting is inseparable,the disadvantages of budget accounting and government accounting reform to solve the problem are local government debt to disclose the cause of the defects.For example,although many local governments have adopted the comprehensive financial report to disclose government financial information,but in the accounting records of government debt at ordinary times,they still only adopted the budget accounting methods.Although the government accounting standard has increased the financial accounting method based on the accrual basis,there is no setting of the beginning balance of the liabilities in financial accounting.Finally,this paper puts forward "how to do".In order to improve the quality of the information disclosure of local government debt,we need to start from strengthening the government accounting standards and the enforcement of the system.