Research On The Legal Countermeasures To Solve The Hidden Debt Risk Of Local Government In China

In recent years,the debt risk of local governments has aroused wide concern from all walks of life.The 19 th national congress of the communist party of China listed preventing and defusing major risks as the first of the "three major battles",fully reflecting the importance of its position.In the process of preventing major risks,the risk of local government debt,especially the hidden debt risk,is a crucial part.To strengthen the awareness of preventing major risks is an inevitable requirement for avoiding systemic and regional financial risks.The party central committee and the state council have attached great importance to preventing and defusing the hidden debt risks of local governments.A series of policy documents have been issued by the state.In the second half of 2018,the CPC central committee and the state council issued the opinions of the CPC central committee and the state council on preventing and defusing hidden debt risks of local governments and the measures for accountability of hidden debt risks of local governments,indicating that preventing and defusing hidden debt risks of local governments will become the focus of government work in the future.In the country to guard against and dissolve the recessive debt attaches great importance to the risk problem,some illegal borrowing behavior to get a degree of containment,related accountability efforts are also increasing,the local government debt financing is toward standardization,according to the official report,the against and dissolving of significant risk of current work has made certain achievements,China's local government debt risk control as a whole.However,in reality,the environment for local government financing needs to be further improved.Relevant laws and regulations on the prevention of hidden debt risks are not sound enough.In reality,there are still some problems to be solved.This paper analyzed on the basis of the existing research results,the concept of recessive debt of local government debt,types,causes and status quo of development and guard against and dissolve the plight of the recessive debt risk,in the understanding of local government recessive debt,on the basis of basic problems,from the Angle of tax law and financial law,put forward to guard against and dissolve the recessive debt risk of local government some Suggestions and countermeasures,especially from the Angle of jurisprudence,emphaticallyanalyzed the recessive debt risk of local government to prevent and resolve the legal problems,aiming at the problems hidden debts regulatory aspects and loopholes,puts forward some relevant legal advice.The author thinks that,for the prevention and control of recessive debt risk of local government should follow the thinking of "stem increment,dissolve the stock",solve the problem of local government debt is rooted in deepening the reform of the fiscal and taxation systems,strengthen the local financial strength,at the same time to strengthen the supervision of the financial sector,to prevent financial risks to the shift of financial risk.In addition,for the recessive debt of local government oversight and accountability cannot be lax,to further promote the debt financing of local government under the rule of law,the local government can be in accordance with the law in accordance with the rules of borrowing,increase borrowing transparency,perfecting the government debt information disclosure system,in order to better promote the development of social economy,but also hope that this article can be from the perspective of law to prevent and dissolve the recessive debt risk of local government in China to provide some theoretical reference and reference,in order to better win the battle against resolving major risks.