Local Government Debt: Its Positive Role and Potential Problems

Jiayue Yang ()
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Jiayue Yang: Harbin University of Commerce

A chapter in Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025), 2025, pp 869-875 from Springer

Abstract: Abstract Local government debt is the debt formed by local governments to raise funds for infrastructure projects, including direct borrowing, arrears bond guarantees, etc. Its scale depends on the decision-making and management efficiency of local governments. It plays a key role in driving regional economic development, improving public services, improving lives, and responding to crises. Through debt financing, local governments have accumulated high-quality assets and consolidated the economic foundation. It is necessary to deeply analyze its potential problems and put forward feasible improvement suggestions to promote the scientific adjustment and growth mode transformation of local economic and social development.

Keywords: Local Government Debt; Economic Development Problems; Countermeasures (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-702-1_90

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DOI: 10.2991/978-94-6463-702-1_90

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