Dissertation
Dissertation > Economic > Fiscal, monetary > Finance, the state's financial > China's financial > National bonds, bonds, foreign debt

Research on the Risk Control of Local Government Debt and Its Application

Author LiSongTao
Tutor SunFangCheng
School Chongqing University of Technology
Course Accounting
Keywords Local government debt Risk control Internal control
CLC F812.5
Type Master's thesis
Year 2011
Downloads 104
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After the financial crisis, sovereign debt era gloom, countries all over the world, and the world economic recovery was drag economic weakness, in this context, the rapid expansion in China under the local government debt in ferment risk. Also from local government debt on look, the root cause is that China’s financial management system and financial investment and financing system of the local governments’ bound, immediate cause is the local government for performance due to the unreasonable behavior and local government debt risk, the lack of control to dissolve the risk, on the one hand, it needs to be further system reform, however, this is a long and difficult process, and need to advance gradually. On the other hand, it needs each local government to explore corresponding debt risk control measures according to different situations, and this is where all the problems to be solved.This paper is on the risk control of local government debt using the method of normative research which is the current problems to be solved. Firstly, study local government debt causes, risks and types, and found that the current risk control is insufficient. Secondly, research the role of the internal control in local government debt risk control, seeking the possibility and necessity to make use of internal control theory and method in local government debt risk control. Once again, put forward local government debt risk control target, control principle and risk control elements based on the perspective of internal control, try to theoretically construct a system framework of local government debt risk control. Finally, put forward the corresponding control measures in accord with current local government debt risk, and make it a whole, so as to form the systemic and effective control mechanism of local government debt risk.The main contribution of this paper is to use the internal control theory and method in local government debt risk control, and put forward the control target, control principle and the five elements of the internal control about local government debt risk. Under guidance from environmental control, risk evaluation, control measures, information and communication and supervision of the internal control. Analyze and put forward these measures: the good environment requirements of local government debt risk control, the process of risk early warning, index and evaluation methods, the control activities to deal with debt risk, information and communication requirements in the process of risk control, the supervision measures combined self-monitoring and auditing try to establish a long and effective mechanism of local government debt risk control.

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