Research On Government Debt Risk Management Of District P In Shanghai

There are some problems such as low transparency,difficult supervision,indefinite accountability system and increasing debt risk during the management of local government debt,which have negative impact on the sustainability of local economic development.Through auditing to local government debt by the state auditing administration for several successive years,we could learn that local government debt scale is actually having excessive expansion trend.Now the trend is in controllable range,but there still exist certain risk in some parts,so it is necessary to take measures to control the risks strictly and prevent the outburst of local government debt crisis.The poor management of local government debt risks will lead to some cases of breaking contract,which would cause serious blow to our country economic growth,damage to our government's credibility and threat to our country's social stability and orderly.With some laws and regulations such as the new budget law introduce by government,China devotes to improve debt management level and relieve risk of local government debt so as to ensure the national economy operation in a healthy and orderly way by a series of effective regulation.Therefore,it is necessary to put forward feasible reform suggestions so as to standardize and perfect local government debt risk management.Based on this background,the paper use P district in Shanghai city as an example to concretely analysis the government debt risk management problems.Except introduction,this paper includes five chapters.Chapter one define the related concept in risk management of local government debt and interpret the theoretical basis.Chapter two mainly analyze the basic situation of government debt risk management in P district,and introduce concrete measures to improve government debt management,it point out the matter of passive debt budget management,hidden dangers exist in debt mechanism,faultiness in debt risk warming mechanism,inadequate disclosure of debt information and insufficient funds in financing platform.Chapter three combines the major economic indicator in P district over the years to calculate debt risk index and make an evaluation on government debt risk.It summarizes four factors that causing the risk,such as system factor,policy environment factor,governmental function factor and governmental management factor.Chapter four introduces experience of government debt risk management in America,Germany,France,Japan,Australia,New Zealand and Brazil by using international experience.Chapter five by study on P district government debt risk management,under the background of implementing some laws and regulations such as the new budget law,it put forward countermeasures and suggestions from five aspects such as control government debt scale,promote the stock of debt exchange bond,promote transformation of financing platform,improve diaphaneity of government debt and establish and improve the government debt risk prevention and control mechanism for enhancing P district government debt risk management.