| The Chinese government adopts the expansionary fiscal policy in order to maintain the steady economic growth,but there is still a big gap in reality.This further promotes the rapid growth of local government debt and increases the risk of local government debt.Local government debt,as an important means of balancing local government revenue and expenditure,also has many risks.The investment of local government bond funds in Zhejiang province has played a positive role in accelerating the improvement of people’s livelihood and promoting economic development.However,since the local government bond market is in its infancy,it cannot effectively solve the problem of funding gap that is urgently needed in current development.Articles to prevent local debt risk as a starting point,first of all,review and summarize the research progress of domestic and international theories about local government debt,summarizes the domestic and foreign local government debt management mode,after the overall situation of the local government debt Zhejiang local debt risk overall control,but due to inappropriate macroeconomic policy,financial management system is not sound,lack of unified debt management department,where the performance evaluation system is imperfect,the debt risk prevention and control mechanism is not sound,the reason such as the National People’s Congress to supervise the local debt does not reach the designated position,still faces the Administrative Risk,Scale Risk,Structural Risk and Reimbursement Risk.By summing up the experience at home and abroad,this dissertation analyses the situation of local government debt in Zhejiang Province,and then puts forward Suggestions on actively cleaning up and resolving existing debts,introducing social capital to relieve financial pressure,strengthening government debt supervision,improving local supporting regulations and systems,optimizing the organizational structure of debt management and improving local debt management system. |
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