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China is in a special period of market economic transition, the uncertainties resulting from the process of adjustment of interest the government fiscal full operational risks. China's local governments, especially the financial difficulties of the county and township governments, more serious, obvious contradiction between fiscal revenue and expenditure, the fiscal deficit is expanding, heavy debt burden, an increasingly grim task to guard against and defuse financial risks. In this paper, the local government in China is limited to below the provincial city, county and township (town) three-tier government level, as a support to the theory of fiscal decentralization, financial risk management theory and intergovernmental revenue divided theory from effective financial monitoring system strengthen debt management, a clear relationship between the Government and the establishment of the four aspects of the local government finance system introduced foreign Preventing and Eliminating the successful practices of the local financial risks, guard against and defuse the risk of China's local fiscal policy measures on the draw. , Depending on the perspective of the financial risk can take many forms, the background under the conditions of market economy, financial risk analysis, divided into income risk, expenses, risk, deficit and debt risk. On this basis, explore the causes of the financial risk of China's local governments, pointed out that local economic development lags behind, the tax-sharing system is not complete, the fiscal and taxation policies are not standardized generate insufficient local financial risk. After that, proceed from the four areas of revenue, fiscal spending and government debt management and financial system, the proposed policy measures to guard against and defuse financial risks. That to develop the local economy in fiscal revenue, driven by the increase of fiscal revenue to the economic level; want to optimize the structure of fiscal expenditure in fiscal spending, the unreasonable budget reform government system, to reduce the rigidity of expenditures; debt management should the establishment of the the debt risk early warning system and debt repayment mechanism fiscal cycle development; mainly on the financial system continue to improve tax sharing system in all its aspects. The end of this article, Dalian City, the financial position of the object of study, carried out an extensive literature survey and data analysis of its financial situation, the stability of the overall economic situation of Dalian City, a high degree of financial risk. Dalian Municipal Finance, this paper presents a proposal to prevent financial risks.
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