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Keywords: Borrowing costs
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Journal Articles
Journal of Public Budgeting, Accounting & Financial Management (2018) 30 (3): 335–346.
Published: 03 September 2018
...-use rights only Debt Borrowing costs Market discipline Every year, state and local governments raise funds for capital projects such as bridges, tunnels, roads and schools, and they issue municipal bonds; however, there is also a danger in allowing debt to grow unchecked. Robbins...

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