Research On Debt Management Optimization Of Y Municipal Government Based On Public Debt Theory

Local government debt has raised a large number of valuable funds for infrastructure construction,tourism,education,health,ecological protection and other aspects of urban development,which has made significant contributions to promoting social development and improving people's living standards.However,the reason why debt is debt,it is different from fiscal revenue,debt is to be repaid.However,most of the work departments only borrow or repay them,and the main leaders of local governments are affected by the tenure system and the official appraisal system,and they also do not pay enough attention to the debt risks,and they often fail to make scientific arrangements for borrowing and repayment of debts,so as to cause debt to pile up.When the disposable funds are not enough to repay the debt,the illegal operations such as borrowing new debt to repay the old debt also emerge as the times require,which brings huge risks to financial institutions and the government at the same time.In recent years,the scale of our government debt has soared.According to the national debt audit results released by the end of 2015,the scale of the national government debt is as high as 26 trillion and 660 billion,far exceeding the 15 trillion and 220 billion national fiscal revenue.The debt rate is as high as 175%,which has surpassed the international warning line.In the national general accumulation of huge debts under the circumstances of the city can not be left alone.How to strengthen the management of government debt is an important subject in front of the managers of Y municipal government,and it has many meanings:strengthening local government debt management is an important part of the construction of modern financial system.Guard against the risk of local government debt is an inevitable requirement to ensure basic public expenditure and maintain social stability.Ensuring the benign operation of local government debt is the solid foundation to carny the healthy development of our financial industry and the great rejuvenation of the Chinese nation.This paper is divided into six parts:Chapter one is an introduction,it describes the background and significance of the topic,the current research status at home and abroad,and the framework of this paper.Chapter two is a review of the theory of public debt.Chapter three summarizes the status quo of Y city government debt,it studies the case of local government debt crisis in Brazil,and on this basis,analyzes the influencing factors of Y city government debt risk.Chapter four reviews the current economic and financial situation of Y City,it analyzes the practice of government debt management,and deeply analyzes the case of foreign local government debt management system,on this basis,it puts forward the problems existing in the management of the Y municipal government debt,and the underlying reasons behind it.Chapter five is the proposal of Y municipal government debt management,it puts forward some countermeasures,such as clarifying government functions,perfecting government governance,standardizing the order of financial market,and establishing early warning mechanism.Chapter six is the conclusion,it summarizes the conclusions and shortcomings of this paper.