Research on the Risk of Local Government Debt in China in the New Era

Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019) Pub Date : 2019-06-01 DOI:10.2991/ICOEME-19.2019.40

Qing Ye, Ming Chen

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引用次数: 1

Abstract

After the promulgation and implementation of the new Budget Law in 2015, local governments have laws to abide by when it comes to the issue of debt in an independent manner. Focusing on the problem of local government debt risk prevention in our country, this paper analyses the causes of local government debt by means of combing the development process of local government debt in our country and the promulgation and implementation of relevant debt management policy measures. In combination with the specific risk problems encountered in the current debt management, and against the background of the new round financial system reform, this paper analyzes the current situation that largescale tax reduction leads to the reduction of local government’s financial resources and the increase of debt risks, so that this paper puts forward some suggestions on improving the local government debt risk management mechanism in order to maintain the stable economic and social development of China. Keywords—local government debt; risk prevention; debt management; financial system reform

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新时期中国地方政府债务风险研究

2015年新预算法颁布实施后，地方政府自主处理债务问题有法可依。本文围绕我国地方政府债务风险防范问题，通过梳理我国地方政府债务的发展历程以及相关债务管理政策措施的颁布与实施，分析了地方政府债务产生的原因。本文结合当前债务管理中遇到的具体风险问题，在新一轮金融体制改革的背景下，分析了大规模减税导致地方政府财力减少、债务风险增加的现状。因此，本文提出了完善地方政府债务风险管理机制的建议，以保持中国经济社会的稳定发展。关键词:地方政府债务;风险预防;债务管理;金融体制改革

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Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)

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