Gyeongbuk Province Allocates 214 Billion KRW in Private Subsidies This Year... Strengthening Education to Prevent Fraudulent Claims

Gyeongsangbuk-do Provincial Government Office building.

[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] Gyeongsangbuk-do announced on the 16th that it will conduct education on preventing fraudulent receipt of subsidies for public officials in charge of subsidy projects at the provincial government headquarters, regional headquarters, affiliated institutions, and business offices for four weeks from the 18th to June 12.

Gyeongbuk Province will first conduct on-site education by dividing into small groups (around 10 people) by department, and after the end of the novel coronavirus infection (COVID-19), it plans to strengthen regional group education for subsidy project operators and city/county officials.

The "Public Finance Recovery Act" stipulates that if public finance payments (subsidies, compensation, grants, etc.) are falsely or excessively claimed, used for purposes other than the original intended use, or mistakenly paid, the full amount must be recovered, and additional penalties of up to five times the fraudulent benefit may be imposed.

This year, the subsidies directly executed by Gyeongbuk Province to the private sector, including event subsidies, operating subsidies, capital subsidies, and transportation industry subsidies, amount to approximately 214 billion KRW.

Lee Chang-jae, Auditor of Gyeongbuk Province, stated, "We are conducting various preventive audit activities to strengthen the work capabilities of public officials in charge of subsidy projects and to raise the responsibility awareness of subsidy operators, thereby preemptively blocking the root causes of anticipated problems in the subsidy execution process."

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