地方政府负债风险研究

Research on the Risk of Local Government Liabilities

金融风暴导致我国经济刺激计划在保增长促就业的同时,也带来了巨大信贷风险,尤其是地方政府负债违约风险。地方政府负债可能面临的财政金融风险包括法律风险、违约风险、政府道德风险、地方人大监督能力风险和流动性风险等五大风险。如何预警、防范和化解政府负债风险就成为各方关注的焦点。

In order to preserve economic growth and promote employment, China＇s economic stimulus plan has been earried into effect in Financial crisis. That also brought great credit risk of local government debt default, local governments might face fiscal and financial risks, including legal risk, default risk, the government moral hazard, local people＇s congress supervision capacity of the risk, liquidity risk and so on. How to prevent and defuse the risk of government debt has become the focus concerned by the parties.