Research On The Bottleneck And Countermeasures Of Local Government Investment And Financing Platform Based On SD Model

Since the economic reform in the 1980 s,China’s economy began to change from a planned economy to a market economy.Due to the continuous improvement of economic level,the ideological consciousness has changed,and the demand for public products is rising rapidly.But for this part of demand,only the supply of government is insatiable.Due to the national tax reform In 1994,local fiscal revenue decreased.The local government’s public goods and related responsibilities had increased,and the pressure of local financial capital expenditure was increasing.Unbalanced ratio of fiscal revenue and expenditure of local government,local government funding gap was widening.In order to solve the funding gap of local government,local governments adopted the way of investment and financing platform for financing.The emergence of investment and financing platform alleviated the pressure of local government infrastructure construction It also promoted the development of local economy.Especially after 200 government has scaled expanding gradually.But with the rapid development of Investment and financing platform for the local government,the other corresponding "facilities" couldn’t keep up with(such as management system,etc.),These eventually lead to the main responsibility of Investment and financing platform for the local government in unclear.The debt of Investment and financing platform for the local government was expanded rapidly.These problems brought the Investment and financing platform for the local government different levels of risk.If these risks weren’t avoided,it would inevitably result in local government debt risk.And these risks would hinder the speed and scale of local government financing.In order to further explore the development of local investment and financing platform,this paper firstly analyzes the present situation and restricting factors of Investment and financing platform for the local government.The influence factors of a Investment and financing platform for the local government is analyzed by the method of in-trees archetypes generating set.Based on the results of this analysis,this paper puts forward the corresponding countermeasures.(1)Strengthen the management of the debt risk of the Investment and financing platform for the local government;(2)According to the local government’s own debt paying ability,develop the scale of Investment and financing platform for the local government;(3)Broaden the financing channels,build diversified local government investment and financing channels;(4)Realize the management innovation of the Investment and financing platform for the local government...