地方政府事后监管机制构建的经验及启示

事后监管机制又被称为破产监管机制，尽管地方政府制定了各种事前监控政策，但依然会因为管理不善或宏观经济政策影响而发生债务危机。因此还需要设立配套的事后监管机制对事前监控进行相互补充．进而加强地方政府债务风险的防范性。事后监管机制主要是由申请程序，财政调整与债务整顿，债务重组与减免等关键要素构成，其中包括对政府破产与公司企业破产的区分，如何实行财政硬预算约束，怎样制定明确的破产规则和债务偿还责任以及如何选择破产程序的方式等具体内容。了解和掌握事后监管机制的设立和制定，能够更好地解决和处理地方政府债务违约所带来的后续问题。

Experience and Enlightenment of Constructing Bankruptcy Supervision Mechanism of Local Government

The supervision mechanism is also known as the bankruptcy supervision mechanisms. Although the local government sets up a variety of pre-control policies, yet debt crisis still arises because of poor management or the impact of macroeconomic policies. Thus, setting up supervision mechanism regulates pre -mechanism in order to strengthen prevention of local government debt risk. Bankruptcy mechanism is composed of the following elements, the application procedure, fiscal adjustment and debt consolidation, debt restructuring and relief structure, Including the distinction between government and corporate bankruptcy, how to practice fiscal hard budget constraints, how to establish clear rules of bankruptcy, debt repayment obligations, and how to choose the way of the insolvency proceedings and other specific contents. Having a better understanding of bankruptcy mechanism may solve and deal with local govern- ment debt issues.