Research On The Reform Of Government Financing Methods Under The New Normal Of The Economy

In 2017,the ministry of finance issued consecutive no.50 and 87 documents,strictly regulate the PPP and various types of industrial funds financing behavior,limited government under the guise of purchasing service reality of the bad debt.Under the new normal of China's economy,The ministry of finance of local government financing demand is higher and higher,regulation is more and more strict,As soon as the new policy comes out,the financing methods commonly used by many local governments will be changed,and the credit line will be abolished soon.It has brought huge financial pressure to the construction of government projects,which makes the local governments in urgent need of further reform in financing methods.Based on economic new normal as the research background,this paper use the method of literature study,comparative study and case study,in this paper the meaning of the new normal economic and government financing premise,refer to the shaoxing C unit financing situation,to discuss a new government under normal economic reform and the innovation of financing mode.This paper mainly through four parts.The first section describes the background and the meaning of the study,and sums up the literature on the government financing model from both domestic and foreign experts and scholars.The second part explains the meaning of economic new normal,explains the core concepts of economic new normal and government financing,and points out the theoretical basis of the paper.First of all,the concept of the new normal is obtained through the performance of all aspects of China's economy under the new normal.Explain the concept of government financing,classify the government financing mode,and further understand the government financing mode.Secondly,through two theories of government financing,the theoretical basis of this paper is established.The third part analyzes the development process of government financing and the current situation of reform,and further illustrates it through cases.First,list every step China has taken in the path of government financing since the reform of tax sharing in 1994.Secondly,it introduces the common ways and effects of government financing.Thirdly,it focuses on the defects of existing financing methods under the new normal of the economy.Finally,the C unit case of shaoxing city is used for more direct and specific elaboration.The fourth part puts forward the necessity of government financing reform,proposes the reform countermeasure and the innovation point.Government financing patterns need to be done according to the different economic background constantly reform and innovation,according to the latest policy background,the article put forward for the transformation of financing platform,the innovation of the mode reform effectively.