地方政府隐性债务的内涵辨析与逻辑溯源  

Connotation Analysis and Logical Source of Local Government Implicit Debts

作　　者：徐玉德 Xu Yude

机构地区：[1]中国财政科学研究院

出　　处：《财政研究》2021年第9期30-39,共10页Public Finance Research

摘　　要：防范化解地方政府隐性债务风险,防止风险累积演化为系统性风险,推动构建与新发展格局相适应的财税政策体系和运行机制,必须在厘清地方政府隐性债务概念的内涵与外延的基础上,基于公共风险视角溯清隐性债务产生的动因及其演化机理,揭示政府、市场和公民个人之间跨部门风险传播并最终汇聚形成隐性债务的风险逻辑。隐性债务主要来自于私人部门风险公共化后产生的公共财政支出责任和政府部门风险私人化后的再次回流,其实质是公共风险引致的非法定的政府潜在支出义务。据此可以进一步将地方政府隐性债务分为"主动型"和"被动型"两大类,以消除隐性债务理解上的歧义且能更好地发挥现实指导作用。To prevent and resolve implicit debt risks of local governments,to prevent the accumulation of risks from evolving into systemic risks,and to promote the establishment of fiscal and tax policy systems and operating mechanisms that are compatible with the new development pattern,it is necessary to clarify the connotation and extension of the concept of local government implicit debts,so as to trace back the motivation and evolution mechanism of implicit debts,and to reveal the risk logic of the cross-sectoral risk spreading between the government,the market and individual citizens and finally converging to form implicit debts,based on the perspective of public risks.Implicit debts mainly come from the public fiscal expenditure responsibilities after the publicization of private sector risks and the returning of government sector risks after the privatization.The essence is the non-statutory potential government expenditure obligations caused by public risks.Based on this,local government implicit debts can be further divided into“active”and“passive”categories,so as to eliminate the ambiguity in the understanding of implicit debts and to better play a practical guiding role.

关 键 词：隐性债务 或有负债 公共风险 本源逻辑 

分 类 号：F810.5[经济管理—财政学]