The Management Of County Government Debt Based On Balance Sheet

Based on existing theories, combined with relevant international experience tothe core of the government balance sheet, the stock of debt risk concerns investigated,and the government has an important means of debt sustainability model, moreattention incremental debt, focus on the significant long-term risks personalized.Government balance sheet is the stock of assets and liabilities for the government’s target, reflecting its own money and the corresponding credit and debt, primarilywith debt unified management, debt and long-term cost of risk warning manifestfunction, I refer to theory and international experience, exploring the method ofpreparation of the local government ’s balance sheet, focusing on the balance sheet inthe form of local government, the scope of the definition of assets, asset projectsettings. Subsequent attempts based on the existing data, analysis of samples Countyasset debt situation and prepare a balance sheet of the county, the county governmentbased weave balance sheet to identify the assets and liabilities of the growth rate doesnot match the asset structure and problems problems liability structure. Theunderlying causes of these problems are many, such as the lack of long-term planningand co-ordination of debt arrangements, land serious financial problems, local fiscaldeposits decreased year by year, the rapid growth of the shadow banking channels,such as debt. In addition, we use government debt sustainability model, the county’slong-term debt risk analysis, forecasting the impact of changes in the county’s futurefinancial income and expenditure of local government ’s balance sheet. On this basis,the county government issues policy recommendations, namely to accelerate thepreparation and implementation of the government ’s balance sheet; Second, a debtmanagement system into the government ’s balance sheet; Third step by step processof marketization government financing.