Since 2020，the pace of local government bonds issuance in Jilin has been accelerated，the special bonds have expanded significantly，and the issuance period has been extended. The issuance cost and the secondary market transaction scale have declined. The project income special bond funds continued to expand，mainly to municipal projects and the bond investment structure has been optimized day by day. However，the new project income special bond funds of Jilin in 2020 have not been used as the project capital and the leveraging effect of capital on investment growth has not been fully released. In terms of debt，Jilin had small debt pressure and the debt risk was controllable. In the subsequent debt management process，Jilin should optimize the capital investment，reasonably arrange the financing term structure，and strengthen the management of capital use and debt risk control.