Research On Local Government Financing During Urbanization

In the process of urbanization, the primary responsibility of localgovernment as the main body, need to invest a lot of money, and thereforefaces enormous financial pressure. This paper analyzes the status quo ofChina’s urbanization process and the distribution of powers and financialauthority of the central and local governments in urbanization, and alsopointed out the plight of local government finance income and finance aswell as local governments. Propose solutions to the plight of localgovernment financing should be from three angles, namely the role of localgovernment from unilaterally dominant position gradually changed toguide the parties to the urbanization of funds involved; encourage socialcapital to actively participate in urbanization among governmententerprises and create a win-win situation; flexible use of various meansof financing, reasonable arrangements for local government debt burden,promote orderly debt to avoid insolvency and debt crisis focused.County transit through P privatization case, the analysis of localgovernment operations and the problems arising, propose the introductionof private capital to achieve a successful bus privatization reform measuresand proposals. Finally, the process of urbanization in the local governmentto solve the financing difficulties of the main exit: the establishment ofrights and financial power to match the local government finance system;actively involved in the introduction of private capital city construction;proper use of a variety of financing to achieve an orderly financing.