我国地方融资平台规范发展的对策研究

发布时间：2018-01-02 11:57

本文关键词：我国地方融资平台规范发展的对策研究　出处：《中国社会科学院研究生院》2012年硕士论文　论文类型：学位论文

【摘要】：由于在1994年我国实行分税制改革之后，地方政府的财政收入能力得到了一定程度的削弱，因此，地方政府需要一种新的融资工具来满足自身的基础设施建设和提供公共服务的资金要求，这种情况下，地方融资平台应运而生。1997年的金融危机之后，在外部经济萧条的压力下，政府采取了一系列宽松的财政政策和货币政策来刺激经济的增长。为了配套中央提出的资金要求，地方政府开始更多地将融资平台作为一种工具来进行融资，地方融资平台得到推广，数量迅速增加。进入21世纪，地方融资平台发展的速度加快。2008年国际金融危机之后，为了避免我国经济出现下滑，中央政府推出了4万亿的旨在刺激经济增长的投资计划，其中，中央政府负责提供1.2万亿的投资，剩下的资金由各地方政府配套供给。因此，为完成中央的投资计划，从2009年开始，地方融资平台开始了膨胀式的发展，地方政府借助融资平台大量举债，在经济的回暖过程中确实起到了一定程度的积极作用。但是，随着时间的推移，地方融资平台由于举债过多，其面临的风险暴露无遗。本文试图通过对地方融资平台的研究，回答地方融资平台的成因、现状、以及规范化治理的综合对策等相关问题。本文第一部分首先从我国财政改革和投融资改革的各自历程出发，分析改革过程中出现的缺陷和不足，探索地方融资平台的根源。然后根据地方融资平台发展的现状揭示其面临的三种主要风险，即债务风险、管理风险以及引致风险。最后对我国政府治理地方融资平台的政策进行归纳和评述，指出现行政策的不足。第二部分是对国外政府关于治理地方政府债务的成功经验的借鉴。这里主要从国外对于地方政府的举债权限、举债模式、管理模式、监管机制以及化解风险的举措等方面展开论述，介绍各自不同的特点，并分析其对我国治理地方融资平台的启示。第三部分根据前两部分的论述，，对如何规范化发展我国地方融资平台提出总体的思路及具体的解决措施，力图解决目前地方融资平台面临的严重问题。
[Abstract]:Because in 1994 our country carries out the tax system reform, the local government's financial revenue ability has been weakened to a certain extent, therefore. Local governments need a new financing tool to meet their own infrastructure construction and public service funding requirements. In this case, the local financing platform came into being. After the financial crisis in 1997. Under the pressure of external economic depression, the government adopted a series of loose fiscal and monetary policies to stimulate economic growth. Local governments began to use more financing platforms as a tool to finance, local financing platforms were promoted, the number of rapid increase. Into 21th century. In 2008, after the international financial crisis, in order to avoid the decline of China's economy, the central government launched an investment plan of 4 tillion to stimulate economic growth. The central government is responsible for providing 1.2 tillion of the investment, and the remaining funds are supplied by local governments. Therefore, in order to complete the central investment plan, starting from 2009. Local financing platform began to expand the development, local governments with the financing platform to borrow a large number of loans, in the process of economic recovery did play a positive role to a certain extent. However, with the passage of time. Because of the excessive borrowing of local financing platform, the risks it faces are exposed. This paper tries to answer the causes and current situation of local financing platform through the research of local financing platform. The first part of this paper starts from the respective course of our country's financial reform and investment and financing reform, and analyzes the process of reform. Then, according to the current situation of the development of the local financing platform, it reveals the three main risks, that is, debt risk. Finally, it summarizes and comments on the policy of our government governing local financing platform. The second part is to draw lessons from the successful experience of foreign governments in governing local government debt. The local government's borrowing authority, borrowing mode, management mode, supervision mechanism and measures to resolve the risk are discussed, and their different characteristics are introduced. In the third part, according to the discussion of the first two parts, the author puts forward the general ideas and suggestions on how to standardize the development of the local financing platform in China. Concrete solution measures, trying to solve the current local financing platform facing serious problems.
【学位授予单位】：中国社会科学院研究生院
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F812.5

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