地方债务风险的理论认识与制度防范

Theoretical Cognition and Institutional Prevention of Local Debt Risk

地方债可以区分为积极的地方债和消极的地方债。其中,积极的地方债作为一种金融工具或产品,具有价值和使用价值,能够用于地方社会经济的建设,提高财政收入水平。积极的地方债只要使用得当,地方政府就能为它还本付息。防范和化解地方债务风险,既需要财政税收体制、行政体制和国有企业体制的深化改革,也需要提高地方政府官员对地方债务风险的理论认识水平。

Local debt can be divided into positive local debt and negative local debt. Among them, active local debt as a financial instrument or product has value and use value, can be used in local social and economic construction, and improve the level of fiscal revenue. Active local debt, if used properly, can be repaid by local governments. To prevent and resolve the local debt risk, we need to deepen the reform of the fiscal and taxation system, the administrative system and the state-owned enterprise system, as well as to improve the theoretical understanding level of local government officials on the local debt risk.