Finance & Economics of Xinjiang

Finance & Economics of Xinjiang ›› 2017, Vol. 0 ›› Issue (5): 37-44.DOI: 10.16716/j.cnki.65-1030/f.2017.05.005

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On Financial Risk of Controlling PPP Mode under the Background of the Stock Debt

Huang Xinzhong, Zhou Li   

  1. 1. Urumqi High-tech Financing Guarantee Company, Urumqi 830012, China;
    2. Xinjiang University of Finance and Economics, Urumqi 830012, China
  • Received:2017-08-10 Online:2020-11-27 Published:2017-10-25

存量债务背景下管控PPP模式的财政风险研究

黄新中, 周莉   

  1. 1.乌鲁木齐高新技术融资担保公司,新疆 乌鲁木齐 830012;
    2.新疆财经大学 公共经济与管理学院,新疆 乌鲁木齐 830012
  • 作者简介:黄新中(1973-),男,经济师,中国社会科学院金融所博士研究生,研究方向:金融理论与政策;周莉(1967-),女,教授,研究方向:财税理论与政策。
  • 基金资助:
    乌鲁木齐高新区政府招标项目“乌鲁木齐高新区(新市区)2017—2026年地方政府债务专题研究”(XJTF(CS)2017ZF07);新疆维吾尔自治区普通高校人文社会科学重点研究基地项目“中哈基础设施建设合作中的财税支持政策研究”(XJEDU050116C05)

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Abstract: Local governments’ debts which mainly concentrated in below the provincial level governments are the products of economic revitalization plan that China launches to deal with the financial crisis. Public-Private Partnership (PPP) mode is the means of finance innovation of local government to maintain and expand public investment, which is strongly promoted across China since 2014. After surveying of a development zone in Xingjiang province, this paper found that the local governments resolve the stock debt burden by using PPP mode to expand public investment, which is the way to increase the growth of economy steadily, but at same time it also faces huge fiscal risk. Suggestions and countermeasures of financial risk of controlling PPP mode are offered under the background of resolving the stock debt burden.

Key words: Local Governments’ Debts below Province Level, the PPP Mode, Risk Management

摘要： 地方政府债务是我国应对金融危机推出的经济振兴计划的产物,主要集中在省以下政府层级,PPP模式是经济进入新常态后地方政府保持和扩大公共品投资的财政创新手段,自2014年以来在全国得到大力推广。本文对新疆某开发区调研发现,地方政府在化解存量债务负担沉重之际,大规模运用PPP模式扩大公共投资既是稳增长的途径,但也面临巨大的财政风险。因此,本文提出了在化解存量债务背景下,控制PPP模式财政风险的建议。

关键词: 省以下地方政府债务, PPP模式, 风险管理

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