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According to the State Council Development Research Center of Macroeconomic Research Fellow Wei Jianing introduced in 2009, forty percent of the loans went to local government financing platform, 'the city voted bonds, local bonds, trusts, bank financing, and turn the money but it is still to local governments. ' Why local government debt? Since the local government debt will eventually by the central credit and financial guarantees, increasing local debt so that the central government was increasingly worried. Since 2011, only the Audit of local government debt audit carried out three times, every time a large scale, a shorter interval than the last. At the same time, the public also began to reflect on the underlying causes behind the problem of local government debt. Professor of Economics and Management, Tsinghua University Jiasu Lei believes that 'too poor' and has urgent desire development is an important reason for government borrowing. The 1994 reform of the tax system so that local government powers and financial authority relative reduction is increasing. In addition to the economic development of the local government, but also we need to deal with a range of public services purely general education, social security, environmental protection, economic development funds for such a serious shortage. And for a long time, government investment has been the most important driving economic growth, 'carriage.' Especially after 2008, the central government launched economic stimulus plan for the 'iron-based' projects, and to local government provides matching funds ratio. In this context, the local government was forced to rely on the original City investment company and the new investment and financing companies borrowed heavily to resolve financial difficulties. Therefore, investment-led economic growth, and is considered an important cause of increasing local government debt. In this mode, the irrational official appraisal system so that local officials desire lending continues to expand. Currently, the grass-roots government officials, evaluation, government revenue, industrial output, investment situation is the most critical indicators. Huiling said, 'in other words, officials decided to upsize, and still is the area of ​​economic development.' She believes that under the current economic development in China still government-led situation, substantial financial investment, promote economic development is undoubtedly a shortcut. Local officials and borrowed heavily to invest heavily in economic development achievements and future exchange.