Municipal bonds and their significance in financing local and regional development

Purpose: The purpose of this paper is to analyze the popularity of issuing bonds by local governments in Poland and to try to find an answer to the question of why local governments in Poland prefer to finance debt in other ways. Design/Methodology/Approach: The provisions of laws and financial reports on the implementation of the state budget were analyzed. Findings: Self-government units choose simpler instruments to finance pro-development tasks. Practical Implications: The results of the analysis should provide important guidance to policymakers in simplifying procedures and popularizing knowledge of municipal bonds. Originality/Value: The work covers timely and important issues for local and regional governments and fills a research gap in the field, combining theoretical issues with practical insights.