财政分权视角下融资平台贷款风险及防范

Loan Risk and Prevention of LGFP from the Perspective of Fiscal Decentralization

我国地方政府融资平台迅速发展,对财政系统及自身形成了一定风险。财政体制改革造成的地方政府财权与事权不匹配是融资平台发展的根本原因,地方政府融资平台运作不规范是导致其风险的直接原因。因此,本文认为必须进一步清理融资平台,强化公司治理机制,但是,从根本上解决地方政府融资平台贷款风险问题的途径是深化财政体制改革、完善地方债务管理的法律法规。

The rapid development of local government finance platform （LGFP） in China derives risk to finance system and itself. The imbalance of the fiscal power and administrative authority of local governments resulted from the finance system reform is the essential reason for developing LGFP. And the direct reason is its irregular operation. So we must continue check up LGFP, and strength corporation control mechanism. However, the essential route to eliminate LGFP risk is to deepen the finance reform and improve laws and regulations on local government debt.