Research On The Institutional Problems Of My Country's Local Government Debt Growth

In recent years,the rapid growth of China’s local government debt in the wake of the financial crisis is far more obvious,the local government debt has played a positive role in local economic and social development,improve the capacity of public services and improve people’s living standards;but in the same time,local government debt issues become increasingly prominent,the scale of debt expansion,faster growth,some local government debt levels have exceeded the affordability of local governments may bring higher debt risk,it may affect local financial problems health operation.therefore,the local government how to deal with the current expanding the size of local government debt situation,become the focus of academic debate,but also the practical issue must to be solved.This paper analyzes the December 30,2013 the National Audit Office released the latest audit announcement,combined with previous findings from the statistical data,the size of local government debt increased rapidly,with an average annual growth rate of nearly 20%,and the main analysis the northeast region the latest debt size,structure and growth of debt,and the problems of local government debt management,further analysis of the general reasons for the growth of local government debt,and from a number of reasons I focus on the system of organization reasons,shows the current rapid growth of local government debt attributed to system of organization obstacles in financial system,investment and financing system 3 administrative system and budget management system,as well as on the basis of analysis of the reasons given a rational comments and suggestions.