Development And Research On The Financing Platform Of Local Government’s Debt In China

In recent years, the financing platform has got a rapid development, providing a strong support of local economic. But with the scale and structure of the debt becoming unreasonable, people begin to concern about it closely. On central economic conference in 2013, prevention and control local debt risk has become one of the economic tasks of the coming year. With the deepening of the reform of the tax system, people take more and more attention on clarifying the central parts of the power, this article is to be discussed in this background.Firstly, the research background, the significance of the topic are introduced one by one, at the same time as the idea of writing this article, the positioning of research methods, writing of the innovation and so on. Then talk about the theory of public goods, financial equilibrium theory, principal-agent theory and local debt theory, laid the theoretical foundation for the full text of the study. Then make an introduction of the history and current status of the development of government financing. Besides, we make the point of platform selection of local debt risk and early warning system as a reference. Take Tianjin for example, on the one hand, certain its role,on the other hand, analysis of its risk as compared. Finally, we get great reference value by experience in advanced countries, putting forward some countermeasures such as improve the local government fiscal revenue and expenditure structure, gradually open the local debt issuance regulation, transformation of government functions, give full play to local financing platform for the local financing platform, strengthen supervision and so on, in order to produce a certain reference function to stabilize the local financial and improve the local government debt management.