| In the new era,the PPP model has become the mainstream model of public goods supply with its characteristics of coupling,risk sharing and efficiency improvement.It has also become a weapon to resolve the contradiction between local government development and construction demand and fiscal funding gap under the background of financing platform transformation.However,with the generalization of PPP mode application,the alienation trend of “re-financing,construction,and light operation” has appeared in some regions,which has led to the PPP model becoming a tool for local governments to disguise financing and debt,and the project government's implicit debt risk has increased.In the context of risk prevention,local government debt risk has also become one of the “grey rhinoceros” in China's economic and social operations.The financing platform debt,supplementary mortgage loans and PPP projects have become the three major distribution centers for government implicit debt.As an important part of the party and state supervision system,the government audit needs to play the auxiliary governance function of the audit,and effectively control the local government debt,especially the hidden debt risk of local governments.Therefore,taking the government's implicit debt risk as the entry point in the PPP project,it is important to study the audit supervision path of PPP project from the perspective of risk management and control,to prevent and control the hidden debt risk of local governments,promote the standardization of PPP projects,and stabilize and far-reach.This paper focuses on the theme of preventing and defusing government debt risk in PPP projects.Firstly,using Nvivo qualitative analysis software to analyze the PPP and government debt policy texts from March to May 2018,it is found that the relevant policies are based on “risk-dissolving policies”.Encourage the promotion of the PPP model to “change to the risk prevention and control policy and standardize the application of the PPP model”.Secondly,combined with the policy discourse system and theoretical research,the paper analyzes the debt risk,especially the implicit debt risk,in the PPP project,and divides the government implicit debt into salvage implicit debt and illegal implicit debt,and clarifies the current PPP project.The three characteristics of China's implicit debt risk uncertainty,risk transmission and superposition,and path dependence highlight the need to deepen the study of the risk of illegal implicit debt under the PPP model.Thirdly,based on PPP related policies,illegal fiscal expenditure responsibilities and questionnaire surveys,the government implicit debt risk system for PPP projects was established.According to the interdependence characteristics of implicit debt risk factors of PPP projects,the ISM-ANP-Fuzzy comprehensive evaluation model is selected.By determining the influence relationship and weight between risk factors,the risk levels and risk levels in the implicit debt risk system of PPP projects are obtained.And three core evaluation conclusions of comprehensive risk evaluation value.Finally,based on riskoriented thinking,core,concern,dependent and driven risk factors are extracted based on risk level,risk level and comprehensive risk value.Constructing PPP project government implicit debt audit supervision path with four types of risk factors as the core: Identifying the key intervention time points of the risk,defining the audit basis based on the policy,constructing the audit mode with the budget as the core,and using the contract as the carrier Deepen the focus of auditing.This paper explores the policy perspective to sort out and analyze the hidden debt risk of local governments,expands the perspective of implicit debt risk research,enriches the research content of implicit debt audit of local governments in PPP projects,and promotes the government audit prevention to resolve major risks and play a role in auxiliary governance.The function has a strong practical significance. |
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