2017年,在监管政策持续加码的背景下,地方政府债务的管理思路正越发清晰,显性债务逐渐得到有效化解,但游离于监管之外的隐性债务风险却在日益积聚。本文首先通过具体数据描述了2017年地方政府债务的状况,包括债券发行情况、债务余额情况、债务风险分析,同时从概念界定、债务来源、规模与风险三个方面介绍了地方政府隐性债务的状况。最后,结合地方政府债务现状,本文提出了“清来源、出政策、配资产、促转型”的债务化解原则,并根据化债原则,提出了五条具体的化债思路。
<<In 2017,under the background of continuous tightening of regulatory policies,the management of local government debt is becoming clearer and clearer. The explicit debt is gradually being effectively resolved,but the implicit debt risk is accumulating. This paper first describes the situation of local government debt in 2017 through specific data,including the issuance of bonds,debt balance,debt risk analysis,and introduces the situation of implicit debt of local government from three aspects:concept definition,debt source,scale and risk. Finally,according to the current situation of local government debt,this paper puts forward the principle of debt resolution of “clearing source,making policy,allocating assets,promoting transformation” and puts forward five specific ideas of debt reduction according to the principle of debt resolution.
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