management, and on the other hand taking into account the development of the financial services‘
market addressed to local governments, the quality of employees and their knowledge in modern
and dynamic local finance management gain a new dimension. The LGUs seek knowledge,
specialist training, and often together with universities realise various projects – financed with EU
means – concerning training, consultancy and implementation. The LGUs have the financial
means for education and training, as proved both by the provisions of budget resolutions and by
reports from realising the budgets. On the other hand, financial education based on a modern
understanding of financial management must be stimulated, with consideration for the new
challenges in economy and finance after the subprime crisis, as well as for the theoretical
requirements and practical concepts of New Public Management
management, and on the other hand taking into account the development of the financial services‘market addressed to local governments, the quality of employees and their knowledge in modernand dynamic local finance management gain a new dimension. The LGUs seek knowledge,specialist training, and often together with universities realise various projects – financed with EUmeans – concerning training, consultancy and implementation. The LGUs have the financialmeans for education and training, as proved both by the provisions of budget resolutions and byreports from realising the budgets. On the other hand, financial education based on a modernunderstanding of financial management must be stimulated, with consideration for the newchallenges in economy and finance after the subprime crisis, as well as for the theoreticalrequirements and practical concepts of New Public Management
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