Research Of Local Government Debt Risk Management Based On F County

Financed through borrowing government debt is an important way to get revenue,but will also bring a certain degree of risk,and may have a significant impact on the economic stability and development.China's government debt risk is mainly manifested in the local class times,the end of 2010 our local government debt reached 10.7 trillion yuan,while the size of the debt by the end of June 2013 reached nearly 17.9 trillion yuan,in recent years,causing local government debt risk widespread concern,the risk is likely to further push downward trend of China's economy.According to the data obtained by the author in F county,from the Audit Commission in 2013 conducted a nationwide special audit of local government debt to the economic downward trend is becoming increasingly apparent to year-end 2014,the size of local government debt increased by F County significant debt funding from bank-based financial institutions,relevant industries and enterprises,and even individuals,once the capital strand breaks lead to repayment of the debt crisis appears,it will have a significant blow the whole economic system.The primary reason for local government debt risk of local government funding is parched.Since 1994 the development of revenue-sharing system,the central and local levels of government powers imbalance in the division of financial authority has been unable to solve a lot of pressure local government expenditure,limited central government transfer payments,can not solve this pressure,while in 2015 new "Budget Law" before the commencement of the local government bonds direct channel is firmly in control only through various financing channels guise of financing,and ultimately gave birth to the local government debt this large,complex,and national economy closely intertwined aspects of "monster." In addition,this " monster " is also lack of effective regulation and reimbursement mechanisms to protect,thus forming a huge debt risk.In this context,the study of local government debt and the debt risk will become a hot academic,and research is still less accumulation.This paper attempts to F county local government debt clean-up screening data,the current situation and risk level F county local government debt risk is analyzed,with international practice,the F-county local government debt risk management system,science the study.From the point of view of existing data,F county local government debt relatively large scale,and there is a tendency to continue to expand,while the existence of irrational structure,repayment pressure and other risk.The local government debt risks have conductivity,it will further affect other areas of the national economy,with devastating impact.Research on local government debt risk management,may submit a new angle to analyze problems from the theoretical aspects and problem-solving approach to help in accordance with the principle of "combining guidance,clarify responsibilities,standardize their management and prevent risks,steady progress" in establishing"Borrowing,use,and repay" local government debt management mechanisms unity,the local government debt risk remains within controllable range,thus further regulate the behavior of local government financing,the maintenance of government,financial institutions and other market players The stable operation of great significance.