发行市政债券的呼声实际上根源在于地方政府的财政支出压力不断增强,现在可以说达到了空前强劲的地步是否应该允许地方政府发行市政债券是我国长期讨论的一个现实问题。目前城镇化推进进入新阶段,财政改革和金融改革也在深化,地方政府融资平台融资规模放大、管控强化,这使市政债券发行研究再度成为热点。但应看到,关于市政债券发行的讨论往往陷入价值判 The root cause of the issuance of municipal bonds actually lies in the increasing pressure on local governments’ fiscal spending. Now it can be said that unprecedented strength should be allowed by local governments to issue municipal bonds. This is a real issue for our long-term discussions. At present, urbanization has entered a new stage, fiscal reform and financial reform are also deepening, the scale of financing for local government financing platforms is enlarged, and regulation and control are intensified. This makes the study of municipal bond issuance again hot. However, it should be noted that the discussion of municipal bond issuance often falls into the value judgment