地方政府债务管理的重点问题与完善建议——基于国际比较视角  

Key Issues and Improvement Recommendations for Local Government Debt Management:An International Comparative Perspective

作　　者：韩璐 HAN Lu(Chinese Academy of Fiscal Sciences,Beijing 100142,China)

机构地区：[1]中国财政科学研究院,北京100142

出　　处：《中国证券期货》2025年第2期55-62,共8页Securities & Futures of China

基　　金：国家自然科学基金重点专项项目“政策试点改革中的策略性互动行为建模与仿真优化研究”(7234203)。

摘　　要：本文从地方政府债务管理国际比较的角度切入,探讨地方政府债务管理制度中发现的重点问题及相应对策。研究发现地方政府适度举债有利于我国经济发展,但无序扩张的债务规模会引发财政风险问题。本文通过借鉴不同国家的地方政府债务管理历史经验,分析了不同财政体制下政府债务管理重点问题的产生,以及怎样合理地管理地方政府债务制度和规模。探讨了怎样平衡各级政府间事权财权的分配关系,如何监管地方政府融资渠道等。同时为我国地方政府债务管理的制度规划、债务规模警戒线、债务显性化等方面提出相关建议。This paper delves into the critical issues and corresponding countermeasures identified within the local government debt management system,adopting an international comparative perspective on local government debt management.The research reveals that moderate borrowing by local governments is conducive to the economic development of our country,yet the disorderly expansion of debt scale can precipitate fiscal risks.By drawing on the historical experiences of local government debt management in various countries,this study analyzes the emergence of key issues in government debt management under different fiscal systems,as well as how to reasonably manage local government debt systems and scales.It explores how to balance the distribution of responsibilities and financial powers among various levels of government and how to regulate local government financing channels.Furthermore,the paper offers recommendations for the institutional planning of local government debt management in China,including the establishment of debt scale warning lines and the explicit management of debt.

关 键 词：地方政府债务 财政管理体制 经济发展 国际比较 

分 类 号：F812.5[经济管理—财政学]