Since 2020，the local government bonds issuance peak of Inner Mongolia Autonomous Region has been preceded as a whole and increased significantly. The scale of issuance increased，and the issuance cost rised slightly after the decline. The trend of collective issuance of special bonds for project income was obvious，but the leveraging effect of capital on investment growth has not been fully released. The debt risk of Inner Mongolia is basically controllable，but it was still necessary to pay attention to the matching of finance and debt.