摘要2008 年发端的国际金融危机行至今日，最多出现的莫过于债务问题。随着欧洲主权债务危机的持续发酵，美国主权信用评级被调低，各国纷纷“闻债色变” ， 一时间世界各国债务风险仿佛火烧眉毛，当然我国也不例外。而在 2015 年 1 月 1 日新《预算法》实施以后，地方政府发行的债券越来越多，这也成为地方政府筹集资金的主要方式，地方政府债券的发行对于提高地方财政资金筹措能力，发展地方经济的作用不言而喻，因此人们就不得不重视对地方政府债券风险的防范。本文的研究方法是对地方政府债券的发展过程及现状与问题进行分析，并通过数据对比对近几年地方政府债券的发行规模进行分析，最后得出的结论是：应当进一步构建科学的地方政府债券运行框架，从流程上进行市场化约束、透明化监管，并且完善监管与市场化约束环境。就地方政府本身而言，应当从地方政府债券管理模式的选择、发行主体层级和主要特征的设计、债券发行限额管理、债券风险管理等多个方面进行完善健全，应当从明确地方政府债券监管主体、完善相关监管法律法规、建立市场化约束机制等多个方面来逐步推进。关键词：地方政府债券，风险防范，监管，市场化约束AbstractThe international financial crisis that started in 2008 has so far appeared to be the debt problem. With the continued fertilization of the European sovereign debt crisis, the US sovereign credit rating has been lowered, and countries have “smelled debts”. At one time, the debt risks of countries around the world seem to be burning, and of course China is no exception in this situation. After the implementation of the new Budget Law on January 1, 2015, local governments issued more and more bonds, which has become the main way for local governments to raise funds. The issuance of local government bonds is to improve the ability of local financial funds to be raised. The role of developing local economy is self-evident, so people have to pay attention to the prevention of local government bond risks. The research method of this paper is to analyze the development proce...
