我国地方政府自主发债的制度设计

中国地方政府债务问题已经引起了决策层和国内外经济学家的高度重视,债务规模已经十分庞大。防范和化解地方政府债务风险,解决地方财政资金不足,规范地方政府举债行为,就要赋予地方政府自主发债权,并且明确地方政府自主发债的制度设计,制定一套包括发行主体、发行规模、发行利率、发行期限、发行方式等在内的规范、科学的制度。

China local government independent bond issue’s mechanism design

Chinese sub-national government debt issue has caused decision-makers and domestic and international economists highly valued.Size of the debt has been enormous.To prevent and reduce the risk of sub-national government debt,to solve inadequate financial resources,and to regulate sub-national government borrowing act,sub-national government must be given the self-made claims.We must clear system design of independent bonds.A set standardized and scientific system should be formulated including issue subject,issue size,issue rate,issue duration and issue methods etc.