Research On Debt Risk Management And Control Of A Town Government In Wanyuan City,Sichuan Province

Over the past 40 years of reform and opening up,China’s economy has developed rapidly and people’s lives have greatly improved.However,economic development is accompanied by a large amount of government debt.Township is a grassroots administrative organization in China,responsible for the supply of public infrastructure,education,healthcare,elderly care and other public services within its administrative area,as well as the management of politics,economy,culture,technology and other aspects;It is a management operator and policy executor in the multi-level management system of the central,provincial,municipal,and district/county levels.Its debt problem directly faces the masses and can be said to be a trigger in the social stability system.Once a debt crisis erupts,the consequences are unimaginable.Therefore,scientifically defining and controlling the quantity and scale of grassroots government debt,and reasonably controlling the risk of grassroots government debt,are important and necessary topics for township development,grassroots governance,and rural revitalization.Although Wanyuan City(county-level city)has lifted out of poverty in 2020,its financial base has been very weak,and the debt problem of township governments is prominent.Taking A town as the research object,an analytical framework is constructed based on four theories: risk management theory,public product theory,fiscal decentralization theory,and principal-agent theory.Starting from the current situation of A town government debt risk management and control,literature analysis,field research,and interview methods are used to analyze the problems and reasons of A town government debt risk management and control,and explore countermeasures to solve the problems.Through investigation and research,it was found that the debt risk control of A Town government has problems such as weak debt scale control,weak awareness of government debt risk control,and incomplete construction of government debt risk control mechanisms.On this basis,in-depth analysis is conducted on the reasons for the problems from various aspects such as the development situation of grassroots areas,cadre assessment,and the definition of financial rights and powers.Finally,suggestions are proposed on how to solve the problem of debt risk management and control in A Town government: improving the debt management ability of grassroots governments,improving the performance assessment methods of grassroots government officials,and improving the construction of government debt risk management and control system,effectively strengthening debt risk management and control in A Town government,Promote stable and harmonious development of grassroots economy and society.