政府间资金借贷和转贷,使得地方政府对国家债务存在着重复计算和虚拟数额,如有偿资金和无偿资金的层层转贷,上级无偿性资金对下级贷款或下级为平衡资金调度向上级借款和欠缴上级结算款等。再加上地方政府财权与事权不统一,规避法律约束借款等,使得地方政府债务逐渐成为了债务管理的重点和难点。所以,在研究债务问题时, 必须首先分析地方政府债务的形成机理。 Intergovernmental funds lending and lending, making local governments have double counting of the national debt and the amount of the virtual, such as the payment of funds and non-payment of funds, multi-level lending, the higher level of subvented funds or subordinate loans for the balance of funds to the higher level of loans And owed to higher-level settlement and so on. Coupled with the local government financial power and power is not uniform, to avoid legal constraints such as loans, making the local government debt has gradually become the focus of debt management and difficulties. Therefore, in studying the debt problem, we must first analyze the formation mechanism of local government debt.