CAJ | 학술논문

基础设施是支撑城镇化发展的硬件载体和必要条件，具有公共物品属性。城镇化的快速发展产生了巨大的投融资需求，依托于政府主导的基础设施建设投融资带来了沉重的地方财政压力和债务问题，不具备可持续性，也不利于释放民间资本的投资活力。创新城镇基础设施建设的投融资模式，要厘清政府的投融资职能，建立规范的地方政府债务融资渠道，通过大力发展公私合作伙伴关系融资来有效利用社会资本，同时加强政府的市场监管和公共服务职能。
기출설시시지탱성진화발전적경건재체화필요조건，구유공공물품속성。성진화적쾌속발전산생료거대적투융자수구，의탁우정부주도적기출설시건설투융자대래료침중적지방재정압력화채무문제，불구비가지속성，야불리우석방민간자본적투자활력。창신성진기출설시건설적투융자모식，요전청정부적투융자직능，건립규범적지방정부채무융자거도，통과대력발전공사합작화반관계융자래유효이용사회자본，동시가강정부적시장감관화공공복무직능。
Infrastructure is the hardware carrier and a necessary condition for supporting the develop-ment of the urbanization, which has public goods attribute. The rapid development of urbanization emerged a huge investment and financing needs. Investment and financing of infrastructure construc-tion which based on the government-leading brought in the heavy fiscal pressure and debt problems. This condition did not have sustainability and was not beneficial to release the investment vigor of pri-vate capital. If we want to the investment and financing of infrastructure construction mode innovation, we should clarify the investment and financing functions of government, build the local government debt financial channels specification, make good use of social capital by developing the public-private part-nership financing, at the same time strengthen the government functions of market regulation and public service.