Research And Countermeasures On The Corrupt Of Local Government Financing Platform Companies

The congenital deficiency of market for local government assume the responsibility of the construction of public goods,the government is a competitive,non-profit pure public products or quasi public products decision makers and the main supply subject,although private capital in recent years in the field of infrastructure construction intervention more and more widely,but the government supply main body status still not changed,therefore,the government needs a lot of effective supply of public facilities construction funds.Tax reform in 1994,most of the local government tax directly to the central government,the central and local the division of the powers is not completely match,led to the local fiscal revenue reduction at the same time to undertake increasingly heavy transaction management task,financial power and governance mismatch makes local finance in public goods money on stretched.Therefore,local governments set up financing companies through capital injection,and use the market mechanism to meet the capital needs in the form of company financing from the market,so as to make up for the funding gap of local public goods construction.The establishment of the local government financing platform,the local government can partially help revenue restrictions,raise funds in financial and market capital,for local economic construction,alleviate the pressure on the local finances,promote the urbanization construction,improve the living standards of local residents,played an important role in China’s economic development,and avoiding the conflict with the national mandatory regulations,practice,all the way does accelerate the local economic development.However,in recent years,the frequent corruption problem of financing platform companies has caused serious consequences.Therefore,this paper takes 11 financing platform companies under X City as the research object,analyzes the corruption phenomenon and causes of financing platform companies,and puts forward corresponding countermeasures.This paper introduces the two concepts of corruption and local government financing platform theoretically,and further reveals the scientific connotation of the two concepts.On the basis of social comparison theory and rent-seeking theory,this paper found the X city platform company corruption of systemic corruption,hook type interest groups,the lack of sound constraint mechanism,the lack of comprehensive prevention and control measures,four forms,involving large amount,subjective malignant deep,preventive measures soft,case consequences five characteristics.Secondly,this paper analyzes the causes of the corruption problem of financing platform companies.The internal reasons include:high centralization of personnel and project management,centralized expansion of internal power and external power;the external reasons include:the concession of efficiency priority strategy,the guidance of severe punishment in corruption governance,and the temptation of long-term interests at the social level.Finally,the countermeasures for the prevention and control of corruption in X municipal government are put forward from four aspects:strengthening the management team construction and management,improving the risk of internal control system,increasing the accountability and accountability,and taking into account the economic development and the construction of clean government.