地方政府通过举债促进经济社会健康发展有其必要性和合理性,但需要秉持融资成本和风险可控的理念和原则,健全激励约束机制,提高对融资成本的敏感度近年来,我国地方政府投资项目融资体系逐渐完善,融资规模不断扩大,但融资成本总体偏高。究其原因,既有政府投融资和债务管理体制机制存在的问题,也与融资体系不健全、融资工具缺失等市场因素有 Local government through borrowing to promote the healthy development of economy and society has its necessity and rationality, but need to uphold the concept and principle of financing costs and risks can be controlled, improve the incentive and restraint mechanisms to increase the sensitivity of the cost of financing in recent years, China’s local government investment Project financing system is gradually improved, the scale of financing continues to expand, but the overall financing costs are high. The reason is that both the existing problems of the government investment and financing and debt management system and mechanism and the market factors such as the imperfect financing system and the lack of financing instruments are