From January to September of 2021，the issuance scale of local bonds in Gansu ranks the lower of the country，and the issuance structure is mainly new special bonds，with short maturities accounting for a relatively high proportion，and the issuance cost decreases slightly. Among them，the issuance scale of special bonds for project income is increasing year by year，and the fund-raising field is inclined to infrastructure construction. The proportion of capital used for projects is small，and the actual leverage effect on infrastructure investment is still limited by multiple factors. By the end of September 2021，the scale of local debt stock in Gansu ranks in the lower reaches of China，and it will enter the peak of debt repayment in 2023. Gansu’s financial strength is weak，and its fiscal balance rate ranks in the lower reaches of China，so it faces great debt repayment pressure.