改革开放以来,国债政策作为积极财政政策的重要组成部分发挥了很大作用,但与此同时,我们不得不考虑实施国债政策可能带来的后果。本文从国债规模和国债结构等方面对我国国债现状进行了实证分析,得出结论:目前我国国债蕴藏着很大的信用风险。并就防范和化解这一风险提出了一些对策。 Since the reform and opening up, the national debt policy has played an important role as an important part of the proactive fiscal policy. At the same time, however, we have to consider the possible consequences of implementing the treasury bond policy. This paper analyzes the current state of our national debt from the aspects of the scale of government bonds and the structure of national debt, and concludes that there is a great credit risk in our national debt. And put forward some countermeasures to prevent and resolve this risk.