Research And Reflection On Effective Management Of Local Government Debt

Local government debt,in essence,is the debt of local government budget deficit.While government borrowing can effectively promote local economic development,but the attendant debt risk will undoubtedly bring enormous pressure on local governments,and even for local economic health and sustainable increase the hidden dangers.Effective management of local debt,how to resolve the debt crisis and guard against the risk of debt,is the problem of local debt.This paper describes the background,the status of local government debt debt in China,and introduce the status of local government debt and stock management in Baoji City,taking Baoji city as an example,explains how to prevent debt risk.This paper argues that,if not effective to strengthen local government debt management,will inevitably cause a huge negative impact on the safety of local finance and local economic and social sustainable development,and strengthen local government debt management,must from the tax reform,the stock of debt management etc.