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We develop a computerized, optimization model for efficient financing of local investment and present its implementation improvement. The model supports better governance and improvement of financial management at the local government level. An example of real life long-term budget analysis, with the help of the model is presented. The analysis exemplifies good practice and observation of standards of efficient debt management in the area of long-term financial and investment planning (Bitner, Cichocki, 2008) and enhances quality of governance by local managers. These analyses also demonstrate ways of accessing maximum, feasible level of investment and maximum capacity of a municipality to borrow with all safety measures provided.
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Projects co-financed by:
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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