The local government debt accountability system,as a system design constructed based on the agency theo-ry,inherently requires the implementation of limited government theory,moderate intervention theory,and social centered theory.Since the initial establishment of the local government debt accountability system in 2018,the scale of local govern-ment debt has continued to rise,typical cases of local government debt accountability have been continuously released,and some institutional design issues have gradually become prominent.The key to improving the accountability system for local government debt lies in systematizing,systematizing,and legalizing the accountability subjects,accountability objects,ac-countability matters,accountability procedures,and related legal responsibilities.In the restructured local government debt accountability system,systematic laws and regulations need to be formulated to refine relevant provisions on debt accounta-bility;Strengthening participatory accountability,supporting cross accountability,and introducing performance evaluation mechanisms;Establish a sound system for disclosing information on local debt accountability;Improve supporting measures such as local debt accountability and relief procedures.
government debtimplicit debtillegal borrowinglegal responsibility
万方数据
维普
