Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Research on Local Government Debt Risk and Countermeasures in Harbin

Authors
Yunan Wang1, *, Zijun Lin2
1MINZU UNIVERSITY, Beijing, China
2Tandon School of Engineering, New York University, New York, USA
*Corresponding author. Email: 1395168187@qq.com
Corresponding Author
Yunan Wang
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_143How to use a DOI?
Keywords
Local government; Harbin; Precautionary measures; Risk reason; Debt risk
Abstract

The issue of local government debt is related to national politics, economic security and social stability and development. At present, there are some problems and risks in the structure and scale of Harbin's debt exposure, which are mainly manifested in unreasonable economic policies and imperfect financing and investment systems. These problems are related to inflexible economic policies, flawed financing investment and systems, and the inability of relevant regulatory departments to conduct timely and effective supervision and reflect the economic situation from the actual situation. Coupled with the blindness of some government departments’ assessment plans, the scale of local government debt has further expanded[1]. This paper takes Harbin as the research object, analyzes the current provincial government debt situation, and finally proposes corresponding solutions. In order to effectively prevent and control the debt risk of local governments, it is necessary to effectively guide their debt-servicing behavior, standardize relevant regulations and debt management, improve the early-warning mechanism of debt management and do an excellent job in the disclosure of local debt information and debt restructuring.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_143
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_143How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yunan Wang
AU  - Zijun Lin
PY  - 2022
DA  - 2022/12/31
TI  - Research on Local Government Debt Risk and Countermeasures in Harbin
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 979
EP  - 983
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_143
DO  - 10.2991/978-94-6463-036-7_143
ID  - Wang2022
ER  -