The balance of local government bonds in Inner Mongolia is at a middle level in the country. In the first three quarters of 2021，the scale of newly issued local government bonds has decreased，the cost has increased，and the newly issued bonds are mainly general bonds. Most of the debt is invested in areas such as transportation infrastructure，municipal and industrial park infrastructure，and people’s livelihood services. Inner Mongolia’s overall economic and financial strength is relatively average，the ratio on revenue and the ratio on GDP are high，and the debt repayment pressure is significant. In summary，this report suggests that Inner Mongolia can appropriately extend the term of local government bonds，give full play to the advantages of special bonds as project capital，and accelerate the high-quality development of the regional economy.