地方政府性债务适度规模控制分析——基于西部h市的经验数据-analysis of moderate scale control of local government debt - based on empirical data of h city in west china.docxVIP

AbstractAccording to the article of“the Budget Law of the People＇s Republic of China” enacted in 1994，local government budget can＇t contain deficit in accordance with the principle of pay-as-you-go and balance of payments，and have no right to issue bond unless they have the legal authorization．The Security Law has the same provisions of local government shall not provide guarantees for the loan．However，in order to achieve local economic and social development，local government often borrow largeamounts of government debt other than through the form of the issuance of bonds to overcome their own