The large-scale additional issuance of treasury bond funds has injected strong support into water conservancy construction and played an important role in supporting water conservancy infrastructure construction. However

statistics show that the additional issuance of treasury bond has an obvious crowding-out effect on the scale of other water conservancy financing channels

causing changes in the current structure of water conservancy investment. This article discusses and summarizes the use of additional treasury bond for water conservancy construction

analyzes the crowding-out effect of additional treasury bond on water conservancy construction funds from different channels

and puts forward corresponding measures and suggestions for broadening water conservancy financing channels on the basis of in-depth analysis of water conservancy investment and financing situation.