A Study Of County Economic Development And Fiscal Risks Based On County Government Debt

With the rapidly increasing of economic in many districts and the continuous developing of the urbanization in China, the number of debts the county government raised from many ways are raising every year. Because of the lack of effective management system and the appraising system of the government debts, the defects in the management of county government were tended to be worse, especially at county and village government. The debts beyond the county government can sustain will cause the fiscal risks and will make damage to local economic development. This article makes some research from six points about that and figure out some ideas, measures and methods.The first chapter: Introduction. This part mainly about the purpose and meaning of this article and introduce some methods in research, and include the research plan.The second chapter: The mechanism causes of county government fiscal risks brought by fiscal debts. Under the analysis of the formation of the county fiscal risks brought by fiscal debts, this paper figure out that the lack of county revenue stable increasing, the continuously mounting up of the county expenditure,the dissymmetry lies in both the fiscal right and the fiscal obligation and the wrong management of the county owned enterprises bring the assured debts and contingent debts to county governments. The assured debts and contingent debts are the main parts of county fiscal risks brought by debts. This paper also put forward the transformation system of the county fiscal risks brought by fiscal debts under the analysis of both fiscal outside risks transformation and fiscal inside risks transformation including the damages to economic development made by fiscal debts.The third chapter: The model of the county fiscal debts risks appraising and pre-warning. This chapter figures out that keeping the appropriate amount of the county fiscal debts and expenditure will help to the economic development under the analysis to the relationship between the county fiscal debts and the economic development. Then this chapter discussed the relationship between the county debts and fiscal risks and figured out that only county debts kept in appropriate level which could promote the stable economic development, or it would result in fiscal risks. In addition, the chapter also discussed the outsider and insider factors influenced county fiscal risks, and also look into the principles designing the indexes about the county fiscal risks appraising and pre-warning and indexes system. So, the chapter figured out the model of county fiscal debts risks fuzzy appraisal system.The fourth chapter: The defendant and management measures of county fiscal risks. This part concluded some management measures of county fiscal risks based on the analysis to the formation of the fiscal debts risks including: keeping the mind of fiscal risks and set off fiscal risks pre-warning system, keeping revenue stably increasing by strengthening the macroscopic readjustment and control of the government, adjusting the county fiscal expenditure configuration and improving the management to the budget of the fiscal expenditure, improving the tax system and adjusting county fiscal right and fiscal responsibility, improving the reforming of the state owned enterprise from other points of view and lightening the county fiscal trouble .The fifth chapter: case study. The part used the fiscal data of this county to verify the model of county fiscal debts risks fuzzy appraisal system in the third chapter and the results got from it was close to the local conditions.The sixth chapter: conclusion. This part summarized the paper and put forward the issues to be discussed later.