Local Government Debt and Basic Public Service Provision: Promotion or Suppression?

In recent years, scholars have focused on preventing local government debt risks and ensuring the well-being of individuals.According to the theory of public goods, local governments are responsible for providing public goods to their citizens.As material living standards improve, the demand for public services grows in scale and diversity.This paper delves into the definition of local government debt and basic public services and analyzes the current academic perspectives on the potential relationship between the two.However, a unified consensus has yet to be reached, which underscores the need for further empirical research.