Research On Local Government Debt Management

In recent years, the local government in the pursuit of political achievements and political objectives, the development is the hard truth simply understood as growth is the hard truth, one-sided pursuit of GDP high speed growth, In the economic development, urban infrastructure and other aspects of the investment is growing, what is more, some local government funds to non public domain, appear to compete with the people around the situation, the demand for capital grow with each Massing day. Since the reform of the tax system in1994, the local government revenue becomes less, the local government for more funds in two ways:First, through the transfer of state-owned land use rights, the two is through a variety of ways, a large number of government borrowing debt. It is true that the government was moderate debt, in solving all over the short-term or long-term financial difficulties, and promote the development of the local economy has a certain positive role, but when the local government obsessed with this way, regardless of objective reality, excessive borrowing debt, to the development of local economy brought serious debt service burden, the formation of huge fiscal and financial risks.The research idea of this paper is to start from the perspective of public finance management, game theory and development economics from the perspective of public management theory and the combination of government debt management and public management theory. In this paper, the main content, based in2013in the yunnan province in M city government debt audit data, through the study the city debt management present situation, existing problems and risks, and to analyze the risk and the reasons, combined with the practice of foreign government debt management experience, thereby to local government debt management put forward some and rationalization of the corresponding countermeasures and suggestions.The aim of the study, hopes to use the comparative research method, literature analysis, quantitative analysis of the objective data, combining with the existing problems in the current debt management, and strive to reduce even to defuse financial risks and financial risks of purpose, and that are conducive to strengthening, countermeasures and suggestions on improving debt management of local government.