| Since 2008,in order to stabilize economic development,local governments have increased local infrastructure.Due to limited financial resources,local governments have become increasingly short of their own financial resources.Due to the lack of regulations on local government borrowing by financial institutions,the debt issuance of local governments is chaotic,the legal relationship between debts is ambiguous,and the relationship between the borrower and the debtor is not clear.Insufficient debt capacity,risk issues such as default and non-payment,and a series of political,economic,and social issues.Based on risk management theory,this paper uses the process perspective of risk management theory and combines the theory of public choice to construct the debt risk management framework of Zhenjiang Municipal Government.Identifying risk is the first step in debt management,identifying the main factors affecting debt risk,evaluating risk is the key to risk management,determining the probability of risk occurrence,and finally risk response,ready to increase revenue to repay or accept losses.From this perspective,quantitative analysis and interview method are used to collect data and obtain information to explore the debt risk management problem of Zhenjiang Municipal Government.In the process of writing,the thesis selects Zhenjiang City,where the debt situation of Jiangsu Province is more serious,to elaborate the status and causes of Zhenjiang government debt risk management from the three processes of risk identification,risk evaluation and risk response.The thesis begins with a description of the current situation of Zhenjiang City government debt,through the collection of Zhenjiang City government debt-related data,collation and analysis of the basic situation of Zhenjiang City government debt,through interviews with relevant personnel of the Zhenjiang City government debt management agency,to understand the Zhenjiang City Institute The risk management measures adopted have discovered the problems existing in the process of government debt risk management of Zhenjiang City Government,and combined with the public choice theory to summarize and analyze the root causes of the problems.At the same time,the experience of other provinces and municipal governments’ debt risk management in other provinces and cities from the perspective of process is used for reference and elaboration to provide a practical and practical method for Zhenjiang’s government debt risk management.Finally,taking the risk management theory as the guide and taking the three main processes of risk management as the method,this paper explores the improvement method of Zhenjiang city government risk management and control measures in practice process,and proposes the Zhenjiang city government according to the process management perspective based on the process-oriented perspective Recommended measures for debt risk management.Through the research of this article,on the one hand,it helps the Zhenjiang municipal government to increase the importance of risk management in the process of managing government debt,improve the current risk management measures,and resolve the current situation of insufficient government debt risk management experience and insufficient theory,To promote the economic and social stability of Zhenjiang City;on the other hand,I also hope to provide a certain degree of reference for the management of government debt risk in other cities. |
