Legal Control Of The Debt Scale Of Local Government Financing Platforms In China

Before the implementation of new "budget law",local government financing platform is the tool for China's local governments,in order to raise funds for the infrastructure construction.The emergence of local government financing platform effectively alleviates the pressure of local government spending,promoting the local infrastructure construction and accelerating the urbanization process.But in practice,the financing platform exists a series of problems such as non-standard debt financing,Illegal guarantees of government and so on,leading to increase sharply the scale of its debt,thus lurking a greater risk of debt.If not controlled,it is easy to cause financial risk.Therefore,controlling the debt scale of financing platform is the key to prevent and control its debt risk.This article from the perspective of law,researches the legal control of the debt scale of financing platform.Through the legal control of debt scale of financing platform,it is designed to standardize its debt financing,prevent its debt scale expansion and better guard against its debt risk.So based on the implementation of the new "budget law",from the perspectives of government debt and enterprise debt,on the basis of quantitative analysis of the current situation of debt scale of local government financing platform,from resolving the stock of debt and controlling incremental debt,corresponding legal measures are put forward.