(1.Institute of Education Sciences, Wuhan University ; 2.School of Public Finance and Taxation, Zhongnan University of Economics and Law)
Abstract：To achieve high-quality economic growth in China, we need to pay attention to prevent and eliminate significant financial risks. Strengthening performance management of local government debt is an inherent requirement for high-quality development. We use a basic method of performance evaluation based on the data of Hubei Province and use the analytic hierarchy process to esablish a framework of performance evaluation system of local government debt including input factor, processing factor and output factor. Further, according to the specific characteristics of the performance evaluation system of local government debt, the performance evaluation system is constructed from four aspects which contain economy, efficiency, effectiveness and fairness. In order to achieve the target of high evaluation quality, the system quantifies the qualitative indicators and reflects the performance of each link in the local government debt operation process from multiple dimensions. The empirical results show that local governments should pay more attention to the economical aspect of the input stage and the performance evaluation of the effect indicators in the processing stage, especially for specific indicators such as performance targets and debt clarity, and should assign different weight according to their importance, and build a high-quality performance evaluation system of local government debt.
Key Words：Evaluation Indicator System; Performance of Local Government Debt; Quality of Debt Utilization