The Behavior and Preventive Countermeasures of Fiscal Risks Caused by Local State-owned Enterprises
China's finance and state-owned enterprises have natural ties,dependence,and interweaving relations,which are a very important group of relations in national governance.Under the framework of macroeconomic governance system,it is necessary to take state-owned enterprises into account to prevent and defuse fiscal risks.Currently,local state-owned enterprises not only serve as important carriers or channels for inflating fiscal revenue and accumulating hidden debts but also bear expenditure responsibilities that should be borne by the government.Various government resources,including finance,also have the ultimate responsibility to re-solve the debt risks of state-owned enterprises.To implement the spirit of the 20th National Congress of the Communist Party of Chi-na and enhance our ability to prevent and resolve risks in the fiscal field,it is still necessary to prioritize managing the relationship between finance and state-owned enterprises as a key focus for deepening reforms.We need to strengthen various parties'primary re-sponsibilities for risk prevention and resolution while enhancing supervision of the interwoven fields of finance and state-owned en-terprises.This paper focuses on analyzing how local state-owned enterprises impact government fiscal risks by delving into their his-torical,institutional,and systemic reasons behind the accumulation of debt risks that contribute to fiscal risks.From the perspective of the relationship between finance and state-owned enterprises,this paper puts forward suggestions on measures to prevent and re-solve regional financial risks faced by local governments as well as systemic risks.