A Study On Local Goverment Debts Management Of Xinghe County Of Inner Mongolia

In recent years,the debt issue of Chinese local governments has been increasingly prominent and attracted extensive attention from all walks of life.In the meantime,it's imperative to settle debt risks arising from the rapidly growing debt scale.Hence,it's an integral part of debt management in the new era to establish a sound debt management system.At the early stage of China's reform and opening-up which centers on economic construction,government debt played a considerably active role: compensating for insufficient local financial resources,accelerating infrastructure construction and boosting economic and social development.However,because lack of necessary management and restraint,the reality of Chinese local government debts is alarming.The debt scale is immense and sources are single,and moreover,enormous debt-paying risks are contained,which is likely to trigger local government fiscal crisis,and even affect healthy economic development.At present,although Chinese local government debts are still controllable,its imbued with major risks.As a result,the central government has announced policies to forbid loans against regulation,strictly control the scale and quantity of government debts and completely eradicate loan payback with new loans so as to avoid debt risks as muchas possible.Once local debt risks occur,it probably gives rise to government credit crisis and risks of the financial industry such as banks.Therefore,we must attach great importance to local government debt issues,proactively solve problems existing in local government debts,effectively dissolve and prevent local debt risks,and thus ensure social harmony and stable economic development.County government debt funds to promote the development of local economy,it is not only a part of the fiscal revenue but also the fiscal expenditure of constitute part,Xinghe county as a state-level counties,it has its own special circumstances,less spending greater fiscal revenue is a big problem faced by the local government,in recent years,Xinghe county's economic and social development has made some achievements,but the rapid development of the economy does not bring the rapid growth of the fiscal revenues,and the construction of infrastructure and people's livelihood security spending is increasing,increasing fiscal pressure,so to some degree this research has the very strong practical significance.The paper,based on relevant data announced by governments and auditing departments,studies local government debt problems of Xinghe County by analyzing such data,conducts an in-depth exploration of causes for these problems on this basis and furthermore proposes pertinent countermeasures.