Research on the Consolidated Supervision of Local Government Debt in China
Steadily promoting the consolidated supervision of local government statutory debt and implicit debt is a major decision deployment of the Party Central Committee.The long-term liquidity of local government debt in China is sustainable,while the short-term liquidity risk of it is relatively high at present.The current regulatory model of local government statutory debt and implicit debt is inconsistent in terms of debt management system and mechanism,debt risk prevention and resolution mechanism,debt financing self-discipline and restraint mechanism,thus it is difficult to effectively identify and prevent debt risks as a whole,and it is difficult to curb local governments'blind borrowing.It is suggested to explore the establishment of a unified long-term supervision mechanism,promote the unification of rules and consolidated supervision of implicit debt and statutory debt in such areas as the debt management system,the debt risk prevention and resolution mechanism and the debt financing self-discipline mechanism,so as to effectively prevent and resolve local government debt risks.
Local GovernmentStatutory DebtImplicit DebtConsolidated SupervisionRisk Prevention
万方数据
维普
