1998年以来,人民银行贯彻实施稳健的货币政策,对积极的财政政策给予了有力的支持和配合,促进了国民经济的持续、快速和健康发展,五年来我国国内生产总值平均每年增长7.7%,包括国债项目配套贷款在内的国债投资发挥了重要作用。本文结合对天津、河北、山西和内蒙古自治区四省(市 Since 1998, the PBC has implemented sound monetary policy and given its strong support and cooperation to the proactive fiscal policy, which has contributed to the sustained, rapid and healthy development of the national economy. In the past five years, China’s GDP has risen by an average of 7.7% , National debt investment including supporting loan of national debt project has played an important role. This article combines the four provinces (cities of Tianjin, Hebei, Shanxi and Inner Mongolia Autonomous Region