我国地方政府债务管理与美日比较研究

发布时间：2018-01-13 03:12

本文关键词：我国地方政府债务管理与美日比较研究　出处：《海南大学》2013年硕士论文　论文类型：学位论文

【摘要】：2009年在经历金融危机后中央政府为刺激经济而提出的4万亿的刺激政策后,我国地方政府债务的规模急剧膨胀,其中各地的地方政府融资平台数量迅速增长,地方政府隐形债务已很难估计,这些现象己经逐渐受到了社会各界的重视。银监会、人民银行、财政部自2010年后多次发布相关文件来规范地方融资平台的融资问题。在2011年,国家审计署也参与了关于地方政府债务的调查并公布全国地方政府债务的审计结果报告。在如今分税制度下,地方政府的财政收入相对减少,并且我国的转移支付政策并没有完善,仅靠财政收入与上级转移支付已经不能满足地方发展的需求。虽然为促进地方经济发展、基础公共设施的建设地方政府而举债是合理的,但是有些政府过于追求政绩盲目扩大举债规模,加大了地方政府债务负担,同时在地方债务在资金使用和偿还上又得不到有效的监管,很容易造成地方政府债务危机。危机一旦出现,那些地方政府不能偿还的债务只能由中央政府来承担,进而最终影响到整个中国的经济。所以,如今建立一套完备、高效的地方债务管理制度来有效防范可能发生的地方债务危机是合理的且有必要的。本文立足于地方政府债务管理这一目前尚待解决的问题,首先分析了我国地方政府债务管理的现状及存在的问题,然后对美国、日本两个发达国家的地方债务管理的几个方面进行介绍对比和分析。再从定量的角度,以改革开放以来我国地方市场化程度的高低为分类依据,把我国的北京市和新疆省两个地区作为研究对象,引入国际常用风险测度模型KMV模型的相关思想,建立了适合我国地方政府性债务安全规模测定的模型,应用KMV模型对两地进行了债务安全规模及风险测度。从而发现当前我国地方债务管理的不足。最后,对我国当前地方政府债务管理机制进行研究,分别提出了完善我国债务管理上几个方面相应的建议,并使之成为一个整体,从而形成系统的、完备的地方政府债务管理制度。
[Abstract]:In the aftermath of the financial crisis in 2009 the central government to stimulate the economy and put forward 4 trillion stimulus policy, China's local government debt of the rapid expansion of the scale, the number of local government financing platform around the rapid growth of local government debt has been invisible is difficult to estimate, this phenomenon has gradually got the attention of the community. The CBRC the people's Bank, the financing problem since 2010 issued several documents to regulate the local financing platform of the Ministry of finance. In 2011, the National Audit Office also participated in the investigation of local government debt and announced the national local government debt audit results report. Now in the tax system, local government revenue is relatively reduced, and transfer our payment policy is not perfect, only fiscal revenue and higher transfer payments has been unable to meet local needs. Although the promotion of local Economic development, local government infrastructure construction of public facilities and debt are reasonable, but some government too the pursuit of blind expansion of debt, increased local government debt burden, while local debt in the use of funds and repayment and the lack of effective supervision, it is easy to cause local government debt crisis. Once the crisis occurred. The local government can not repay the debt only by the central government to bear, and ultimately affect the entire Chinese economy. So now, to establish a complete and efficient local debt management system to effectively prevent possible debt crisis is reasonable and necessary.
This paper is based on the local government debt management which is one of the unsolved problems, firstly analyzed the status quo of China's local government debt management and the existing problems, and then to the United States, several aspects of debt management in two developed countries in Japan were introduced and compared and analyzed. From the quantitative point of view, since the reform and opening up the degree of China's local market level as the basis of classification, the two areas of China and Beijing city in Xinjiang Province as the research object, introduces the idea of relevant international commonly used risk measure model KMV, suitable for the establishment of China's local government debt security scale determination model, KMV model was applied to the scale of debt security and the risk measure of the two. It is found that the current lack of local debt management in China. Finally, the study of the current local government debt management mechanism, were put forward to perfect our There are several relevant suggestions on the management of the country's debt and make it a whole, so as to form a systematic and complete local government debt management system.

【学位授予单位】：海南大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F811.5;F812.5

【参考文献】