The scale of local government existing bonds in Shaanxi is at the middle level in the country，and the new bonds contribute the largest proportion of the existing bonds. In the first three quarters of 2021，the scale of newly issued local government bonds in Shaanxi has increased year-on-year，which is mainly contributed by long-term bonds with decreasing cost. The issuance of bonds is dominated by refinanced bonds，the special bonds for project income in Shaanxi are mainly concentrated in the areas of municipal and industrial park infrastructure，transportation infrastructure，and reconstruction. The investment of special bonds can have a certain pulling effect on investment，the economic and financial strength of Shaanxi is in the middle reaches of the country. The scale of local government debt matches the level of economic development，and the debt risk is relatively controllable.