论我国地方政府债务风险监测体系的完善

On Improving the Risk Monitoring System of Chinese Local Government Debt

地方政府债务风险是指地方政府举借债务但无能力按期还本付息的可能性以及由此产生的经济后果,具体来看,其表现形式主要有四种:规模风险,结构风险,效益风险,衍生风险。我国经历了地方政府债务的快速扩张后,虽然政府债务总体风险可控,但个别地方存在一定的潜在隐患。从实践角度看,我国应加快建立多层次的地方政府债务风险动态监测体系,积极防范和化解地方政府债务风险。

The local government debt risk refers to the possibility that a local government cant afford the repayment of principal and interest, as well as the resulted economic consequences. Specifically, the main forms of the local government debt risk include： the scale risk, the structural risk, the efficiency risk, the derivative risk. After the rapid expansion of local government debt in China, although the overall risk of government debt is controllable, there are some potential risks in some regions. Practically, China should speed up the establishment of a multi - level dynamic monitoring system of local government debt risk, and actively resolve the problem of local government debts.