Analysis And Prevention Of Hidden Liabilities Risk Of My Country’s Local Government

Since entering the new century,our countrys economy has entered the stage of high-speed development.For the development of local economy,local governments have accelerated the pace of infrastructure construction,it also created a huge amount of hidden local government debt.Judging from the public information,the hidden debt of our local government is at a very high level,which poses a great threat to the safe and stable operation of our economy,this has led some local governments to constantly test the bottom line of regulation,borrowing more than they can afford,and increasing the scale of debt.Later,in order to curb the scale of hidden government debt,the state introduced a series of measures to restrain it.In order to circumvent the restrictions of laws and regulations,local governments began to look for more and more hidden ways to borrow money,make the form of hidden debt more complex,hidden risk of hidden debt is also increasing.Therefore,in the background of our country&s efforts to prevent and resolve major risks,this paper also takes the recessive debt of Jiangsu province as a case study,this paper puts forward some suggestions on how to prevent the recessive debt risk of provincial local government from many aspects,and provides reference for other regions of our country which are also facing the recessive debt risk.This paper analyzes the recessive debt risk of local government in our country by collating the relevant research conclusions of the local government recessive debt,and takes the local government of Jiangsu province as a case study,this paper analyzes the debt scale,debt ratio and debt ratio of local governments in Jiangsu province,and finds out that there are some problems in this area,such as large scale,fast growth,high debt ratio and debt ratio,and weak debt paying ability.On this basis,the paper finds out the causes of the hidden debt risk of local governments in Jiangsu province,among which the root cause is the imperfect fiscal decentralization reform and the internal motive is the imperfect supervision and assessment mechanism,the catalyst is over-reliance on land finance.Finally,according to the reality of our country,this paper puts forward some suggestions on how to prevent and resolve the recessive debt of local government,it mainly includes perfecting the local government debt management system,solidly resolving the stock hidden debt risk,and containing the increment of hidden debt risk.