地方政府专项债支出效率研究  

Study on the Efficiency of Local Government Special Bond Expenditure

作　　者：周欢[1] 

机构地区：[1]中国人民银行杭州中心支行,浙江杭州310001

出　　处：《浙江金融》2020年第12期66-73,共8页Zhejiang Finance

摘　　要：近两年,积极财政政策加码伴随债务治理不断升级,地方政府专项债券发行规模迅速上升,在促基建、补短板、稳投资中发挥重要作用,同时如何合理评价专项债支出效率成为政府债务管理的重要内容。本文采用数据包络分析方法对31个省市专项债务支出效率进行评价发现,其整体效率偏低且各省市间差异较大,主要是纯技术效率较低导致。因此本文提出建立新增专项债限额综合分配机制、完善项目运营管理等四项建议提升专项债支出效率。In the past two years, as the proactive fiscal policy has been further strengthened, the scale of special bonds issued by local governments has increased rapidly, and they are playing an increasingly important role in promoting infrastructure construction, shoring up weak links and stabilizing investment.At the same time, how to properly evaluate the efficiency of special debt expenditure has become an important part of government debt management. In this paper, the data enveloping analysis method is used to evaluate the efficiency of special debt expenditure in 31 provinces and cities, and it is found that the overall efficiency is low and the difference between provinces and cities is large, which is mainly caused by the low pure technical efficiency. Therefore, this paper puts forward four Suggestions to improve the efficiency of special debt expenditure, such as establishing a comprehensive allocation mechanism of newly added special debt limit and improving project operation and management.

关 键 词：地方政府专项债 支出效率 数据包络分析法 

分 类 号：F812.7[经济管理—财政学]