关键词: 地方政府性债务,财政风险,财政责任规则,债务治理

Abstract: iversity of Political Science and Law, Chongqing 401120, China) Abstract：To better guard against financial risks brought by local governments borrowing, the local governments should be responsible for the debt when they exercise the borrowing authority, which has become an international consensus. From the international perspective, many countries have formulated fiscal responsibility legislation and established variety and multilevel fiscal responsibility rules to regulate local government borrowing behaviors during the process of governing local government debt risks, which have achieved positive results in practice. As to our country, the responsibility system for the local government debts is still far from effective at present. Therefore, it is necessary to establish a series of fiscal liability rules as the core of local government debt governance mechanisms through strengthening the budget constraints, improving the credit rating, information disclosure and risk monitoring systems and formulating strict accountability systems, so as to lead the governance of local government debts to the way of legalization.

Key words: local government debt; financial risk; fiscal responsibility rules; debt management