지방채 발행에 대한 중앙정부의 사전적 통제수단에 관한 연구 - 총액한도제와 승인·협의절차를 중심으로 -

Abstract

Until now, local bonds have been accepted as positive as issuance has been refrained, and I think there has been a relative lack of interest in ways to revitalize the net function of local bonds. Recognizing that more active use of local bonds to the extent that it does not harm financial soundness can overcome financial shortages and maximize residents' welfare, this study sought to identify factors that restrict local governments' autonomy, focusing on the total amount limit system and approval and consultation process for issuing local bonds. The problem with the total amount limit system and approval and consultation process is that, first, the subject of calculating the limit has been changed from the Minister of Public Administration and Security to the head of a local government, but it is difficult to say that the purpose has been achieved. Second, controlling the purposiveness of issuing local bonds to carry out autonomous affairs seems to be an example of seriously restricting autonomous financial rights. Third, the introduction of the consultation process is also intended to improve the autonomy of local governments, but its effectiveness cannot be guaranteed. Fourth, autonomous affairs are controlled in duplicate through investment review and approval (consultation) process. Fifth, in the case of special cases for the issuance of local bonds, it is necessary to review its rationality and others. Sixth, too extensive control is being carried out on the unions of local governments, and control standards are not clearly presented. As a way to improve the previous problems, first, it is necessary to prepare a separate plan to guarantee the autonomy of local governments in calculating the limit. Second, it is necessary to abolish the approval process, maintain only the consultation process, and change the consultation process to a non-binding consultation. Third, the standards for establishing a local bond issuance plan need to be improved. Fourth, the Ministry of Public Administration and Security needs to consider a plan to unify investment review, approval(consultation) process for projects subject to investment review, including local bonds, among the total project costs. Fifth, it is necessary to ensure that the central government is involved within the same scope as local governments, and to clearly set the standards applied to involvement. Sixth, in the long term, local governments need to be cautious about issuing local government bonds by strengthening their internal control, and the central government only needs to apply follow-up control according to the financial management results of local governments.