Study On The Regulation Of Local Debt In China's Budget Law

The old budget law does not allow local governments to issue local debt, however,most local governments still through or clear or dark other ways to issue local government bonds. With the expansion of the scale of local debt, local government debt pressure is also increasing, this situation has seriously affected the image of the local government and the entire financial system. The above situation is serious and practical based on the needs of the new "budget law" in contrast, the new "budget law' the promulgation and implementation of local government debt is history, with a new development era, the local government debt has embarked on the track of the rule of law.Of course, if you want to make local government debt to maximize its value, the necessary regulation is indispensable, the law of debt subject, scale, scope and procedure of supervision made provisions to ensure the healthy and steady development of the local debt. This paper mainly introduces the production of new problems and new bottlenecks related provisions of the new budget law of local government debt and the law in the implementation process after the local debt phenomenon, and introduces a method of analysis of the local debt problem in typical foreign countries solution absorption from the experience, to better put forward the new path of China's local debt related regulation.In order to solve the thorns from the maximum local debt fundamentally, realize the healthy and orderly development.This essay is divided into four parts:The first part mainly introduces the legitimacy of the budget law of local debt regulation, a starting point of this article is, it is the regulation of local government debt budget method has certain desirable properties, it raises the following in-depth analysis of the budget law on local debt regulation, this part is mainly from the the role, content and social public interests three aspects to introduce the role of the budget law. It is based on the budget law research value so that the second part introduces the development course in the local debt regulation of the budget law, because the current academic research is more of the new "budget law" on local debt regulation, regulation compliance is easy to overlook the local debt is actually a set consisting of many laws and regulations rules and regulations of the budget system, budget law is generalized, so this part of the overall development of the local debt regulation of the budget law aspect, since there is a development process, will find the results, affirming its progress in the area, in order to better guide the improvement and development. Analyze the legislative mode deeply the third part of the budget law of local debt regulation rules, the regulation of China's local government debt budget law legislation in this aspect, and analyzes the current shortcomings, which paves the way for the next improvement. The last part is the focus of the article, mainly from the borrowing behavior, Approval of the people's congress,the budget and final accounts for the future development of the local debt regulation method in terms of the budget proposals, so that our country is in the local debt regulation legal system more reasonable and standardized and orderly.