Research On Sustainable Development Of Local Government Debt In Our Country

In recent years, the local government debt risk arising from speeding expansion, has been developed to our social economy can withstand the extreme impact of national security and macroeconomic stability of the financial system, triggering widespread concern all walks of life. Reasonably effective local government borrowing constraint, clean up the history of the stock of debt, debt to curb the incremental establishment of an effective risk control mechanism is not only an important issue related to the thirteen five-year plan and implemented smoothly, it is related to the reform objectives can be achieved the major topic.Based on the perspective of sustainable development, and to study our local government debt, balance of payments from the government to proceed with reference to existing debt sustainable development model for China’s local government debt sustainability scale empirical analysis, and our local government Causes of debt risk for a more in-depth analysis, the relevant countermeasures to resolve the country’s local government debt risk.The full text is divided into six parts. In the introduction, based on the introduction of the background of this writing, the integration of the main carding literature related to this, the research content, method, technology roadmap and innovation of this paper. Chapter 1 defined the key concepts involved in the paper. Aspects of the main problems of the chapter 2 from the overall size of China’s local government debt, the classification scale and local governments and other liabilities of the existing situation of China’s local government debt to do the analysis. Chapter 3 constructs an empirical model of sustainable development of local government debt, through the available data on the sustainability of our data were estimated local government debt. Chapter 4 is the study of factors affecting the sustainability of China’s local government debt, debt-based demand and supply perspective on debt sustainability of the current local government debt is analyzed. Based on the empirical findings and analysis of the factors on chapter 5 of our local government is currently in the government debt problems in the formation of risk control mechanism proposed targeted. Finally, the direction of future research in this field should be further explored.