发行地方公债—解决中国地方债务之道
发布时间：2018-11-19 21:10
【摘要】：我国财政分权改革显著改变了政府的治理结构,使得中央越来越依赖地方政府在提供公共服务和发展经济中的作用。尽管《中华人民共和国预算法》规定地方不得举债,地方经济发展的需求和地方财力的不足实际上鼓励了地方政府的举债行为。 特别是2008年金融危机以来,中国政府为“保增长、保稳定”,推出了4万亿的两年项目投资计划,地方财政支出增长率远超收入增长率,经济运行缺乏资金支持。而现行的转移支付制度,地方财政转移支付财力不能够满足地方资金需要,导致地方政府只能靠举债缓解资金压力,政府债务增加。地方政府缺乏法定的直接融资渠道,只得通过各种非规范渠道直接或间接地借入内外债务,违规融资。从而使得地方债务风险难以控制和防范。 笔者作为沿海发达城市H市财政系统的一员,在探讨了我国地方债务成因、风险等基础上,深入分析了H市地方政府性债务的现状,结合国内外的成功实践,采用理论分析和经验分析相结合、实证分析和规范分析相结合的研究方法,对建立发展我国地方公债制度,发行地方债券进行融资的相关问题进行研究。在借鉴国际上先进国家的财政实际经验和我国地方债务发展情况的基础上,探讨我国发行地方公债的必要性和可行性、地方公债制度设计的初步设想以及发行地方公债要处理好的相关配套措施等问题。
[Abstract]:The reform of fiscal decentralization has significantly changed the governance structure of the government and made the central government rely more and more on the role of local governments in providing public services and developing the economy. Although the Budget Law of the people's Republic of China stipulates that local governments must not borrow money, the demand for local economic development and the insufficiency of local financial resources actually encourage the local governments to borrow money. In particular, since the 2008 financial crisis, the Chinese government has launched a $4 trillion two-year project investment plan to "maintain growth and stability." the growth rate of local fiscal expenditure far exceeds the growth rate of income, and the economic operation lacks financial support. But the current transfer payment system, the local financial transfer payment can not meet the needs of local funds, resulting in local governments can only rely on debt to ease the pressure of funds, government debt increase. The local government lacks the legal direct financing channel and has to borrow domestic and foreign debt directly or indirectly through various non-standard channels. As a result, local debt risk is difficult to control and prevent. As a member of the financial system of developed coastal city H city, the author, on the basis of discussing the causes and risks of local debt in China, deeply analyzes the present situation of local government debt in H city, and combines the successful practice at home and abroad. With the combination of theoretical analysis and empirical analysis, empirical analysis and normative analysis, this paper studies the related problems of establishing and developing the system of local public debt and issuing local bonds for financing. On the basis of drawing lessons from the actual financial experience of advanced countries and the development of local debt in China, this paper discusses the necessity and feasibility of issuing local public debt in China. The preliminary idea of the design of the local public debt system and the related supporting measures to be dealt with in issuing the local public debt.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F812.5
本文编号：2343430
[Abstract]:The reform of fiscal decentralization has significantly changed the governance structure of the government and made the central government rely more and more on the role of local governments in providing public services and developing the economy. Although the Budget Law of the people's Republic of China stipulates that local governments must not borrow money, the demand for local economic development and the insufficiency of local financial resources actually encourage the local governments to borrow money. In particular, since the 2008 financial crisis, the Chinese government has launched a $4 trillion two-year project investment plan to "maintain growth and stability." the growth rate of local fiscal expenditure far exceeds the growth rate of income, and the economic operation lacks financial support. But the current transfer payment system, the local financial transfer payment can not meet the needs of local funds, resulting in local governments can only rely on debt to ease the pressure of funds, government debt increase. The local government lacks the legal direct financing channel and has to borrow domestic and foreign debt directly or indirectly through various non-standard channels. As a result, local debt risk is difficult to control and prevent. As a member of the financial system of developed coastal city H city, the author, on the basis of discussing the causes and risks of local debt in China, deeply analyzes the present situation of local government debt in H city, and combines the successful practice at home and abroad. With the combination of theoretical analysis and empirical analysis, empirical analysis and normative analysis, this paper studies the related problems of establishing and developing the system of local public debt and issuing local bonds for financing. On the basis of drawing lessons from the actual financial experience of advanced countries and the development of local debt in China, this paper discusses the necessity and feasibility of issuing local public debt in China. The preliminary idea of the design of the local public debt system and the related supporting measures to be dealt with in issuing the local public debt.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F812.5
【参考文献】
相关期刊论文 前4条
1 肖陆军;;论服务型政府的公共财政制度建设[J];改革与战略;2008年04期
2 付传明;;美、日地方债券及其对我国的启示[J];西部财会;2004年11期
3 陈纪瑜,赵合云;发行地方公债是我国积极财政政策转型的一个可行选择[J];云南财贸学院学报;2004年03期
4 杨萍;;市政债券发行条件已基本具备[J];中国投资;2005年12期
，本文编号：2343430
本文链接：https://www.wllwen.com/guanlilunwen/zhqtouz/2343430.html
最近更新
教材专著
