The Research On Debt Information Disclosure Of Local Governmental Financing Plat

Local government financing platform is a special phenomenon with Chinesecharacteristics， which comes in the special situation and historical conditions ofChina. some local government financing platform have appeared，for breakingthrough the bottleneck of Infrastructure construction financing and law barriers thatthe State prohibits local government financing.Local government financing platformplays an active role in the city development and the response to the internationalfinancialcrisis. But platform debt soars and opaque status also make the localgovernment implied a huge financial risk. Therefore，how the Local authoritymanages the financing platform debt scientifically， in order to realize the healthilyrunning of the financing platform and unifie with the risk guard，becomes mainobject which the scholars study generally， is also the difficult problem whichcurrent urgently awaits to be solved. Information disclosure about the debt offinancing platform is the premise of the debt management and the necessary part ofthe scientific financing platform management.However，debt information disclosure of local financing platform is not just asimple accounting problem. Debt information disclosure of government’sfinancingplatform considers not only the development level of the accounting system andfinancial reporting system，but also the actual conditions，economic development andpolitical economic system of our country. Debt information disclosure system of localgovernment’s financing platform need more attention about the complementary andconnection of the reform measures to make it real operable for its complexconstructing content. The creation of information disclosure mode about the localgovernment financing platform， is abound to improve the performance of debtmanagement.This article introduced the basic concepts and the background of the localgovernment financing platform first， defines the debt of local government financingplatform for the Government’s contingent liabilities， and discusses the need fordisclosure of debt platform.This article based on the analysis of the funds flowprocesses of Qingdao Grand Theatre project to identify a financing platform forinformation disclosure of debt problems and causes.then，on the basis of the situationof our conutry this paper establish debt information disclosure system，which include the disclosureof debtinformation， contentof debt information，from the microscopicview.Proposed as the basis for the debt of Local Government system of informationdisclosure system framework.The target of debt information disclosure of local governmental financing platshould be based on effectively meet the needs of debt information users. After thecomparision of five possibal ways， Under the present circumstances of the imperfectof Government accounting system and financial reporting systems，this paper arguesthat the preparation of debt reports to disclose the debt information of governmentalfinancing plat is the most effective and practical choice.At the same time，the articleconsidered the information disclosure security system frameworkalso consists ofthree parts regulations system-debt legalization and information disclosuremechanism establishment， accounting system-accounting and financial reportingsystem reform， and he supervision system-internal supervision and externalsupervision.