Hampyeong-gun Awarded Best for Two Consecutive Years in '2019 Second Half Local Fiscal Execution'

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Hampyeong-gun, Jeollanam-do (Acting Governor Na Yunsu) was selected as the best institution for two consecutive years in the Ministry of the Interior and Safety’s ‘2019 Second Half Local Finance Execution Final Evaluation.’

According to Hampyeong-gun on the 3rd, the Ministry of the Interior and Safety conducts a comprehensive evaluation every year of each local government’s financial status (financial execution performance, consumption and investment execution performance, etc.) to prevent inefficient budget execution such as year-end budget rush, budget carryover to the next year, or budget forfeiture.

In this evaluation conducted on 243 local governments nationwide, Hampyeong-gun recorded an execution rate of 83.96% (79% in consumption and investment sectors), and was selected as the best institution for two consecutive years following last year, securing a total incentive of 500 million KRW, including 400 million KRW in special grants and 100 million KRW in special adjustment grants.

Notably, it was the only local government in the Jeonnam region to be named the best institution in both the first and second half final evaluations last year.

In the past year alone, it earned a total of 711 million KRW in incentives (61 million KRW in the first half, 150 million KRW in the second half mid-term evaluation, and 500 million KRW in the second half final evaluation).

Na Yunsu, Acting Governor of Hampyeong-gun, said, “Holding frequent financial execution reporting meetings and actively encouraging underperforming departments seem to have led to this good result. We will do our best this year as well to secure local financial soundness and revitalize the regional economy through active financial execution.”

This content was produced with the assistance of AI translation services.