The financing of vocational education and training (VET) in Denmark was evaluated through consultations with various bodies, including the following: Denmark's Ministry of Labor and Ministry of Education, Danish Employer's Confederation, Confederation of Danish Industry, Danish Confederation of Trade Unions, Association of County Councils, and National Organisation of Local Authorities. Although initial vocational training (IVT) was financed primarily by public sources through state grants, private and public employers also contributed to its overall financing through Denmark's Collective Employer Fund, which provides subsidies to companies to compensate them for employing students. The role of publicly financed continuing vocational training (CVT) was increasing; however, Danish workplaces were still financing a significant part of CVT. Funding of VET for unemployed individuals was dominated by public funding from the Danish government and from the European Social fund. Spending on all forms of VET in Denmark has increased significantly in recent years; however, the Danish government recently announced that no new state activity-related subsidies (called "education taximeter") will be introduced until the existing ones have been evaluated. (Thirty-four figures/tables are included. Appended are the following: regulatory and enabling legislation, glossary, and 39 references.) (MN)