The Research On Optimization Of Local Government Debt Risk Management In S City

Inrecent years,local government debt has become a hot topic.Local governments inevitably have to borrow heavily for the local economic development.This can be traced back to the 2008 financial crisis.In order to cope with the global economic crisis,under the guidance of relevant policies,the scale of public investment is expanding rapidly,and the investment cannot be separated from the supply of funds.Therefore,it is followed that the scale of local government debt continues to expand,and the debt risk is increasing.In the 43 rd document issued by the State Council in 2014,emphasize the combination of "sparse" and "block",allowing local governments to appropriately borrow money according to law.That is to say,after obtaining the approval of the National People's Congress or the Standing Committee of the National People's Congress,the provincial and municipalities directly borrowed funds within the prescribed quota,and the remaining municipal and county-level local governments may apply to the provincial government for the corresponding debt quota,but not used for recurring expenses.Compared with the "Budget Law" promulgated in1994,which stipulates that local governments prohibit borrowing,it can be seen that over the past decade or so,China has been continuously improving the management system of local government debt and seeking a debt management system that is most suitable for China's national conditions.This paper takes the solution to the actual problem as the foothold,and takes the local government of S as the research object,and studies and analyzes the related issues of debt risk management.Through the literature reading method,study the relevant literatures at home and abroad,firstly construct the theoretical framework of this paper.Then through the case study method and comparative analysis method,the paper analyzes the problems of the local government's debt status,debt risk and debt risk management in S City,and draws the relevant countermeasures for debt risk management optimization.According to this research idea,this paper believes that local governments in S canstart with seven aspects to optimize debt risk management:improve the organizational structure of debt risk management,actively identify sources of debt risks,strengthen early warning management,set up a repayment plan,actively resolve debt risks,promote transformation and upgrading of financing platform companies,diversify and strengthen risk control measures,improve the quality of debt disclosure,implement and improve the dynamic monitoring system for debt risk.The innovation of this paper is to conduct a more comprehensive analysis of China's local government debt,and then take the local government of S as the research object.Through qualitative and quantitative quantitative analysis,on the one hand,it can reveal the problems and causes of debt risk management in S City,and propose optimization strategies for the problem-solving drugs,which has certain operability.On the other hand,I hope that I can also provide some reference opinions for other local governments with similar situations and take risk prevention measures.The shortcoming of this paper is that due to the limited source of available information,the timeliness of the data may have certain defects,which may lead to deviations in the analysis results to some extent.At the same time,due to the limitations of personal abilities and professional knowledge,the suggestions may be lacking and not comprehensive.