The theoretic base of issuing local public bonds on municipal infrastructure construction
阐述了发行地方公债建设市政基础设施的理论基础，讨论了哪些项目适合发债、哪些适合财政支持，并结合发达国家经验分析了中国发行地方公债的必要性和有效性。
First of all, the article expounds the theoretic base of issuing local public bonds on municipal infrastructure construction. Then it discusses which municipal infrastructure construction though issuing bonds is feasible and effective, and which one by financial supporting is much effective. Finally, integrating the developed country, the author analyzes its necessary and validity issuing local public bonds for municipal infrastructure construction in China.