The Debt Tisks Of The Local Goverment In Guangrao And Defuse Countermeasure Research

Since the 1980 s Latin American debt crisis,government debt began to attract the world attention.When starting in 1998 southeast Asian financial crisis swept the world,and countries such as Russia,Argentina's government debt crisis,the government debt crisis once again attracted the eyes of the world,began in Greece in 2009 European sovereign debt crisis is spreading,expanding “pigs”,the sovereign debt crisis intensified,and there are spreading,Japan,France and other countries are also facing huge pressure of debt,the high debt ratio showed a trend of globalization,the government's sovereign debt crisis has become one of the main factors that threaten global economic recovery,a serious threat to the world economic recovery and development.Under the international impact of the crisis,a boom in China's local government debt scale,the potential risk is bigger also gradually exposed,problems such as the world's second largest economy,high attention at home and abroad to our country local government debt problem,has an international bad-mouthing the voice of China,local government debt risk problem is one of important basis.This article selects DongYing city GuangRao county as a case study object for empirical research,has strong representative and typicality.Full text first by analyzing the current situation of local government debt in China,discusses the important cause of China's local government debt in growth in volumes and thus may cause the risk of problems,and then to GuangRao county government debt risk is analyzed and discussed.GuangRao county government debt in GuangRao county in recent years played a huge role in promoting economic development,support the construction of a large amount of GuangRao county key engineering projects,a series of key projects to improve people's livelihood,improve our county city facilities made important contributions;At the same time,government debt part shall be borne by the county finance loans,loans spending,make up for the lack of financial resources of local government,to maintain financial steady development,promote the smooth development of the local economy.Due to GuangRao county local economic development needs,the central and local finance rights,asymmetry fiscal system,investment and financing system,land finance and officials “GDP competition”promotion system and so on various reason,at the same time guangrao county has not been established in the process of economic development in science and improve the system of government debt management and effective government debt risk early warning mechanism,led to the current government debt scale expanding too fast,servicing pressure;Debt financing,the lack of reasonable planning,a dangerous precedent for debt risks;Bank loan threshold increased,the county investment company bad debt;Loan capital of the county finance arrangement does not reach the designated position,influence the loan approval;County investment company external guarantees that do not allow to ignore,or potential risks have increased government debt;Illegal use of loan funds,there is the risk of liability.Partly buried hidden trouble for the local government debt risk,but from the indicators analysis,various risks are manageable.Based on the above opinions put forward guangrao county government debt control and risk prevention countermeasures and Suggestions.GuangRao county government debt management must accurately grasp the liabilities and balance of financial risk,follow the snookering,distinguish responsibility,standardized management,risk prevention,and steadily push forward" the principle of risk control,inventory digestion,regulating the incremental,establish scientific risk early warning system,strengthen the management of government debt,and gradually establish a raised,pay well and orderly management,powerful monitoring operation mechanism of the debt.1,it is to strengthen the budget management,strict budget review system,strengthen the government debt borrow,tubes,and the whole process of audit supervision,establish dynamic supervision and management mechanism;Repay mechanism,2,it is specification raised in stock of debt,establishing debt reserve system;3,it is to establish a scientific government debt risk early warning system;4,it is to improve assessment of official accountability mechanism,build system of debt responsibility,that belongs to an illegal record debt,debt or party liability shall be pursued in accordance with the law;5,it is to further standardize local government financing mode and financing platform,strengthen the supervision of the contingent liabilities;6,it is to properly handle the stock of debt and under construction project financing,strengthen the budget management of the stock of debt,is positive to reduce the stock of debt interest burden properly for the debts of the stock,to ensure that construction projects follow-up financing.