Research On The Risk Prevention And Control Of Local Government Debt In Lianyungang

Since 2008,the government financing platform in our country has been developing rapidly.The number of national financing platforms has been more than 3,000 in 2008 and more than 8,000 in 2009,increasing to over 10,000 in 2010.The rapid development of local platforms has directly led to Local government debt is rapidly expanding.The loan balances of the three-year platform were 1.7 trillion,7.38 trillion and 9.09 trillion,respectively.This provided tremendous financial support to local governments centered on economic construction.However,In 2014,with the State Council's "Opinions of the State Council on Strengthening Management of Local Government Debts"(Guo Fa[2014]No.43)as a sign,one after another,government debt of local governments Management documents come into force and local government debt management has entered a new era.Since 2015,local government financing has shifted to government procurement services and PPP models.Since 2014,regulators have become more stringent in regulating government debt,but local governments The government is also expanding financing in a more covert manner,which shows the complexity of local government debt and Party debt risk prevention and control made more stringent requirements.This article elaborates the concepts of local government debt,local government debt risk prevention and control and local government risk prevention and control.The theoretical basis of the article is fiscal decentralization theory,risk management theory and principal-agent theory.At present,the local government debt in Lianyungang is generally manageable,but there is still the risk of scale risk,institutional risk,management risk,policy risk and implicit debt.These risks are caused by the local government's management system,financial system,government regulation and The current financing policy has a great relationship.Debt problems lead to the existence of risks,the government has begun to take risks in the prevention and control measures to take risks prevention and control,including the debt to conduct a number of round-robin screening work;has developed a local government debt management system;the local The integration of the financing platform has also started and the integration of the eight platforms in the urban area has been completed.Moreover,various compliant financing channels have been explored to enhance the virtuous circle of local government debt.However,the scarcity of screening work,the gap in financial strength between local governments at all levels,the inefficiency of the use of fiscal funds and the sequelae of platform integration lead to many problems in prevention and control of government debt risks by local governments.This article draws lessons from the advanced and mature experiences of the government debt risk prevention and control of the United States,Japan,New Zealand and Taiwan and Yiwu City,Zhejiang Province,and draws inspiration from the actual situation of Lianyungang City,Lianyungang local government The management of one-step government debt raises the proposals and expectations of this article.