A Study Of Local Government Debt Management

In recent years, the scale of China's local government debt is expanding rapidly because of the effects of many factors, and the debt risk is quiet obvious. From the public materials, the local government's explicit debt is very common, and the debt scale has reached a very big lever. At the same time, the scale of the local government's implicit debt has been expanding and become a hidden danger. The enormous local government debt has seriously affected the normal work of finance, which has become an important factor of social stability. This paper studies the history and state of local debt management, the whys of local debt, the international successful experience and the institutional innovation of local debt management, and finally, this paper put forward to some measures to standard the local debt management and prevent the local debt risks.