The Research On The Causes And Prevention Of Local Government Debt Risk

Since the reform of Tax Sharing,The Powers of local government and the power of financial mismatch further highlight,the fiscal deficit is widing.Local government have shown a tremendous demand for debt.But the government debt management system is incomplete,huge stock of debt have already became into a time bomb,Control the debt crisis is urgent.This paper introduces the background and significance of the study of local debt risk and the achievements of researching on the local debt research,and present the local government debt crisis from the following perspectives:Debt Size and structure,levels of government,source of funds,the area where the debt invest to,and debt indicators.Analysis of the local debt issuance for both positive and negative effects of the economic From the legal system of debt management,rapid urbanization,the imperfect financial system,game theory point analysis of the causes of local government debt crisis,and legal,administrative and economic controls are the ways to solve the problems.