In terms of local construction in Gucci Belt Cheap, also more need a financial authority of local government to promote the construction of public affairs. Allow local governments to issue bonds, is, in fact, the local government to the market directly, the transparency, good governance and financial resources rich local governments to issue bonds obviously easier to gain public favour. So to some extent, can be used as a measure of local government bond issuance management level and a transparent index of public credit, under certain conditions this forcing local governments to maintain and cultivate their own credit. Therefore, the local debt from the system design, mancodebook.com the key is how to control the risks.
mancodebook.com From the budget law and the opinions of the state council design risk prevention mechanism, the current system of preliminary design to solve the three problems: first, the main body of borrowing, procedures, methods, using explicit, standardization. Such as the main body of debt clear for provincial and municipal government, way of borrowing can only is the way of government bonds, debt the size of the need for examination and approval of the central government. This is equal to more than 30 all together for a government debt financing channel; On the use of debt, debt funds into the budget management, clear the debt funds can only be used for public welfare and moderate to return the stock of debt capital spending, shall not be used for recurrent expenditure, to set up the mechanism of punishment for illegal use of debt capital.