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Prevention And Control Of Debt Risks On Local Government Investment And Financing Platforms

Posted on:2023-03-24Degree:MasterType:Thesis
Country:ChinaCandidate:L Z YouFull Text:PDF
GTID:2556307103987499Subject:Public management
Abstract/Summary:PDF Full Text Request
In recent years,Through the continuous development and growth of local government investment and financing platform companies,Underundertake a large number of urban infrastructure projects,The generation of its debt risks,Mainly because after the tax-sharing reform,The separation of central and local financial power,Local governments undertake a large number of local construction functions,But in the tax context,Local governments do not funded enough for construction,As a result,local governments have set up investment and financing platform companies for debt construction,And precisely because of the excessive borrowing by local governments,Beyond the scope of local economic and financial affordability areas,And most of the debt projects belong to pure public welfare roads,Bridges,park construction and other projects that cannot produce economic benefits,Fundamentally,it can only be borne by local governments at the same level.However,due to the lack of financial strength of local finance,a large amount of project construction has accumulated debt,which eventually leads to the delay of government debt and debt risks.Scientifically and effectively preventing and defuse the debt risks of local governments and promoting the healthy and orderly development of local governments’ economy are the practical requirements of the three national critical battles,but also the practical need to promote the reform and development of local government investment and financing platform companies to the materialized,market-oriented and professional innovation.If the debt risks of local government investment and financing platforms are not prevented and controlled,it will inevitably lead to systemic financial risks,and may even bring a huge impact on the local and national economic development.This paper,taking Xiangtan Urban Construction and Development Group as an example,through the thorough analysis of its emergence,development and growth process,from the accumulation process of its debt risk,analyze the causes of its debt risk.At the same time,the experience of debt risk prevention and control can be summarized through the measures taken in recent years and the achievements of the debt risk prevention and control,hoping to bring some inspiration to the debt risk prevention and control work of the local government investment and financing platforms nationwide.
Keywords/Search Tags:Local government investment and financing platform, local government debt, risk prevention and control
PDF Full Text Request
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