Research On The Problems And Countermeasures Of The Fiscal Affordability Demonstration Management Of PPP Projects In J City,Sichuan Province

With the improvement of China’s economic development level,people’s demand for the number and types of public goods has been rising.How to maximize the provision of public goods and services on the basis of a certain scale of fiscal expenditure has become a difficult problem faced by local governments at all levels,especially at the county level.As a relatively new mode of public goods supply,PPP can help improve the government’s ability to perform public management functions,and also effectively relieve the short-term pressure of local finance.As the entry point of PPP projects in the identification stage,the demonstration of fiscal affordability provides a more scientific system and method for local governments to measure the expenditure responsibility and local fiscal pressure within the project life cycle.However,driven by both subjective and objective factors,local fiscal departments have made obvious deviations in the management of the demonstration of the fiscal affordability of PPP projects,which is mainly reflected in the improper implementation of the demonstration and the lax control of the demonstration results,leading to the centralized warehousing and implementation of a large number of PPP projects,thus consolidating and even intensifying the expenditure responsibility of local governments.The demonstration and management of fiscal affordability of PPP projects not only failed to effectively control local fiscal expenditure responsibilities and fiscal risks,but also increased the long-term debt pressure of local finance,deviated from its goal of preventing local government debt risks,and increased local government debt risks.This paper mainly takes the demonstration of fiscal affordability of PPP projects at the same level in J City,Sichuan Province as the research object,and uses the methods of case analysis and comparative analysis to study the status quo of the subject,implementation,result management and follow-up management in the demonstration management of fiscal affordability of PPP projects carried out by the fiscal department of J City.This study uses the fiscal risk management theory,the fiscal sustainability theory,the local government debt risk management theory,and the principal-agent theory to analyze the problems of offside and absence of the main body,obvious subjective will of demonstration implementation,lax demonstration results,and inadequate demonstration follow-up management in the process of demonstration management of fiscal affordability of PPP projects carried out by the fiscal department of J City.The reasons for these problems lie in the deviation of the government and the fiscal department from the orientation of the demonstration,the imperfect management mechanism of the demonstration,the imperfect demonstration policy,and the insufficient staffing of the institutions.Finally,in combination with the current situation and future trend of the demonstration management of fiscal affordability of PPP projects in China,the demonstration of fiscal affordability should be correctly positioned from the two aspects of understanding and practice,the mechanism of power and responsibility distribution should be improved,the mechanism of demonstration exclusion and the follow-up management mechanism should be established to make up for the loopholes in the management mechanism,and the demonstration policy system should be improved in terms of optimizing the design of demonstration procedures,refining demonstration policies and improving follow-up policies,To strengthen the staffing and reserve of the fiscal department and put forward corresponding policy suggestions,so as to provide some decision-making reference for improving the demonstration management of the fiscal affordability of local government PPP projects and preventing and controlling local government debt risks.