Local government debt information is an important part of fiscal information, but current fiscal transparency research has not attracted enough attention.Current evaluation focuses on active opening, and pays little attention to opening according to applications. Through seeking disclosed information and undisclosed information with the applications for opening, and mainly based on the key indicators of provincial and municipal local government debt and debt limits (including the general and special debts), this paper evaluates local government debt information transparency in 2014 and 2015, and arrives at the evaluation results of active and final (active and according to applications) transparency. According to the results, active transparency is not generally optimistic; although final transparency is significantly improved, some provinces are still unsatisfactory; in general, the average transparency in eastern provinces is the highest, the one in western provinces the second and the one in central provinces the lowest, but in each areas above, there is much difference between provinces which shows certain randomness. Based on the evaluation results, this paper provides policy advices on moderate measures and sound governance aiming at promoting local government debt information disclosure and advancing local debts.