Investigation On Responsibility Of Government From The Perspective Of Local Bonds

In the market economy system，The local government debt issuing rights must haveindependently bear obligations，Accountability symmetry is under the principle of publicfinance to the local government economy function basic requirements， If the localgovernment has translated by only the financing of convenience, and can’t take the area underits jurisdiction accordingly enterprises and citizens, to debt purchasers, about the centralgovernment, and the corresponding duties, the local debt issuance is easy to appear blind, andrepeatedly debt and debt investment low efficiency and public products supply, etc. In thissense, we can not be translated by the four provinces of pilot simply understand for financingtools, and should begin from the local government economy function to look closely at theAngle of the system of the meaning behind. Allow four provinces and cities translated theirpilot, not only means that local governments have more financing tools, but also means thatlocal government to further improve sense of responsibility, the rule of law consciousness, theservice consciousness.This article, which divided into five parts, attempts from the legal Angle discusses theresponsibility of local government. The first part of the local government responsibility putsforward problems, points out the significance of research into the issue. The second part is theplace debt problems related to the paper, mainly discusses the theoretical basis, place bondsthe history of the place where bonds, investment and financing platform, the main risk facinglocal debt. The third part of the local governments in China for defining the responsibility,determined the role of the local government. The fourth part introduces the foreign debt placeof experience and enlightenment. The fifth part puts forward some local governmentresponsibility multiple mechanism..