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With the social and economic development, many local governments to improve the local urban infrastructure for the promotion of economic development and better implementation of national fiscal policy needs, in the context of limited resources, increased investment, for capital increased demand, which appeared in the reasons of local government borrowing in various other debts of the situation, followed by local government debt is becoming increasingly prominent, the scale of expansion of local debt, debt management seriously lagging behind. Appropriate local government debt and good management of local government to perform public service functions to play a better role, but with the local government debt continues to expand,from a variety of management issues relevant gradually emerge, such as lack of local government systems and regulations, borrowing no limits,there are no standard reports,no relevant disclosure system,from the higher levels of government and peer supervision of the NPC. The increased debt risk,affecting the good performance of local government finance is not conducive to the healthy development of local economy and social stability, in this case study and management of local government debt issues is urgent.In this thesis, the Chinese local government debt and its management for the study, a study in five parts. Research ideas and core content include: First, the introduction of debt associated with the concept of local government, that debt, government debt, local government debt, local government debt management, debt management system of local government,local government debt and its management of a more deep understanding. Secondly, the analysis of the current management of local government debt and the basic situation,including the characteristics of local government debt, the status of local government debt and local government debt causes the causes of local government debt analysis and management objective. On this basis,proposed the existence of local government debt management problems,including lack of local government debt management constraints and building laws and regulations, rules and regulations are not perfect;local government debt from the budget, lack of effective supervision;lack of a unified local government debt management system and information disclosure mechanisms are inadequate;the absence of local government debt risk management, reimbursement mechanism is not perfect, underlying causes of view mainly because the financial system, economic system and other issues. Typical of the United States is the world’s federal states, a high degree of fiscal decentralization,Japan is a unitary country, a relatively high degree of fiscal centralization of foreign countries in the management of local government debt, most established a relatively good local debt management system, this paper describes the United States, Japan, developed countries in the local government on the success of debt management experience, through the U.S. and Japanese local government debt management on the basis of comparison for the current debt management of local government problems related suggestions put forward that resolve local debt,a sound statistical system of local government debt, giving the local government borrowing power of the legitimate;clear debt principal, establish and improve local government debt guarantees, and repayment mechanisms; will be included in the budget of local government debt management, strengthen debt project management; improve the supervision mechanism and laws and regulations; strictly limit the use of debt capital, debt size and channels; establishment debt management agencies and local government performance appraisal mechanism; enhance risk awareness, risk prevention and the establishment of local control mechanisms of debt.
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