The Causes and Risk Prevention of Local Government Debt in China

Han Hong

《International Journal of Social Science and Education Research》 3卷9期 (2020/09) Pp. 61-66

https://doi.org/10.6918/IJOSSER.202009_3(9).0009

摘要

The problem of local government debt has always been a matter of great concern to the CPC Central Committee and all sectors of society. At present, local governments in China generally face more serious debt problems. Problems such as relatively simple financing methods, unreasonable supervision systems, and inadequate scientific evaluation systems for local government officials are important reasons why local governments are willing to risk borrowing. To get rid of the problem of debt to the development of local governments, we must accelerate the reform of the fiscal and taxation system and the central government transfer payment system, strengthen the reform of the performance evaluation mechanism of local governments, expand local government financing channels, strengthen the supervision of local government debt, and create a mature local government financing and supervision system promotes the scientific and sustainable operation of the local government's financial system.

關鍵字

Local government debt ； fiscal and taxation system reform ； financing channels ； risk supervision

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