Research On The Risk Control Of Local Government Debt In China

Local government debt is formed by collecting funds via many means for accelerating re gional development and satisfying social development. Proper debt can collect funds for socia1development and accelerate social and economic development, but over-debt will cause debt crisis. This article tries to comb local government debt situation in our country, taking Shaanx i as an example, measuring the risk of local government debt in our country via debt indicator and frame of assets and liabilities, judging whether the local government debt has sustainabilit y by making use of local government debt sustainable dynamic mold, analyzing formation rea sons of local government debt, submitting audit evaluation suggestions on deepening reform o f financial system on the aspect of institution-building, establishing whole government debt b udget mold on the aspect of debt management, increasing the strength of auditing on the aspec t of debt supervision, incorporating local government borrowing condition into budget imple mentation audit, and taking local government debt management condition as the index for jud ging duty execution condition of local senior officer.