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论文编号：	9245
作者编号：	2120122700
上传时间：	2017/6/14 15:02:29
中文题目：	地方政府融资行为与债务风险管理研究-以T市为例
英文题目：	The Research of The Financial Activities and Debt Risk Management of Local Government -Take the case of Tcity
指导老师：	程新生
中文关键字：	地方政府融资;地方政府债务;地方政府债务风险
英文关键字：	Local government financing behavior;Local Government Debt;Local government debt risk
中文摘要：	近年来，我国经济体量迅速增长，GDP规模跃居世界第二。但需要注意的是，在我国经济发展的背后,地方政府通过各种融资方式来获得地方基础设施等方面的建设资金，在推动当地经济发展的同时，也带来了巨额的政府债务。在众多融资方式中，地方融资平台为政府基础设施建设发挥了重要作用。然而，由于地方政府融资平台大肆举借债务同时其自身内部控制和治理水平较差等原因，给地方政府带来了巨大的债务负担，也带来了巨大的债务风险，使得当前地方政府性债务管理中存在问题和风险隐患。根据国家审计署2012年债务审计结果，被审查的36个省市地区，两年内债务规模均大幅增加，增长比例达13%；其中：4省及8省会城市债务规模增长比例超过20%。有部分省会城市债务规模已超过100%，债务规模最高的已到达189%。从债务偿还来源上看，全国范围内的地方政府债务偿还资金主要来自于土地收入、通过融资建设的公共设施建设的未来收入等。然而，这些在建或者已经建成的项目大多都是一些盈利能力差、未来现金流入不理想的公共项目，这些收入难以覆盖建设时的成本。加之地方政府在融资过程中的一些不合理操作现象，导致资金使用效率低下甚至闲置的情况频现。 本文主要以T市为例，对地方政府融资行为、债务风险情况进行了深入分析和探讨。首先，本文先提出了地方政府融资行为与债务风险这一选题的背景以及研究意义。其次，通过详细概述此方面国内外学者的研究现状，对地方政府债务及债务风险的有关概念、衡量及判定标准进行了综合描述。本文之后又通过T市为代表，对T市的政府债务情况进行了分析，具体分析了T市当前债务情况以及存在的风险和问题。在此基础上，本文从规范地方政府举债投资行为、建立更规范的地方政府债务管理制度、加强地方政府债务管理的法制化建设、拓宽地方政府融资渠道、建立地方政府债务风险防范机制等方面提出了完善地方政府债务风险管理的对策建议。表8个，参考文献44篇。
英文摘要：	China's economic development has aroused world wideattention. In many economic growth indicators,increase local infrastructure to stimulate local economic model is very popular. Local governments use all the financing funds that can be obtained to build local infrastructure. Almost all local governments are practicing this model for it can leverage a large number of bank funds to promote local economic development instead use theirown money. However, under these remarkable achievements, there are still many outstanding issues to be resolved. Local government debtsare generally on their subsidiaries which was called government financing platform. Common characteristics of these companies are enormous liabilities with poor management.This makes those companies undertaking high financial risk. According to a piece of National Audit Office report in 2012, there are 9 capital cities’ asset-liability ratio exceeded 100% in 36 local government，while some even reached 189%. There are four provinces and eight cities’ debts growth rates exceed 20% within two years. Debts growth rate of all samples exceed 13% within two years. The local government debt repayments rely on land revenue and the future income of public facilities whose income are difficult to cover the cost of construction for their poor profitability and low future cash flow. In addition, some local governments have no scientific plans for government debts, resulting in low use efficiency and even idle. Taking T city as an example, this paper studies the financing behavior of local government and local government debt risks. This paper first states the significance and background of the study. And then summarizes the research results of domestic and foreign scholars. It also introduces several methods of local government debt risk measuring. Finally, taking T city as an example, this paper reveals the risk of its government debt management. On the basis of the above, put forward concrete proposals to solve relevant problems.
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