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The objective of the paper is to analyze level of efficiency and effectiveness in financing local investments from external resources and to suggest how both of them could be improved. We analyze methods of financing investments used by local governments and how the financial capacity of local governments in relation to economic and technical efficiency of financing local investments from external resources. We develop two specially designed indicators of investment effectivness and investment efficiency to measure economic and technical efficiency of financing local investments, and present examples of implementation of the developed indicators, for select local governments to demonstrate how these indicators function.
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Operational Program Digital Poland, 2014-2020, Measure 2.3: Digital accessibility and usefulness of public sector information; funds from the European Regional Development Fund and national co-financing from the state budget.
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