Hamyang-gun Selected as the Best Nationwide for Rapid Fiscal Execution in 2020

Gyeongnam Province Achieves 1st Place with Rapid Execution: 215.2 Billion KRW Spent, 112.4% of Target Achieved

Exterior view of Hamyang County Office (Photo by Hamyang County)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] On the 14th, Hamyang-gun, Gyeongnam announced that it achieved the national best and first place in Gyeongnam Province in the 2020 local finance rapid execution.

In the first half of 2020 local finance rapid execution evaluation hosted by the Ministry of the Interior and Safety, Hamyang-gun executed 215.2 billion won against the target amount of 191.4 billion won, achieving an execution rate of 112.40%, and was selected as the best institution among county-level units nationwide.

Through this, it received a special grant of 80 million won and a commendation from the Minister of the Interior and Safety.

This rapid execution evaluation is significant as it combined three evaluation indicators: achievement of rapid execution targets under the COVID-19 situation, quarterly consumption and investment execution performance, and job project execution performance, showing the county’s administrative focus on revitalizing the people’s livelihood economy.

In particular, the county governor emphasized at every weekly executive meeting to leave no gaps in rapid execution, focusing on projects that have a significant ripple effect on the low-income economy and domestic demand, and concentrated administrative efforts on improving the execution rate through collaboration among each working group centered on the rapid execution promotion team led by Deputy County Governor Cho Hyun-ok.

Additionally, to expedite the execution of facility-related budgets, which account for about 40% of the total budget, preemptive measures such as operating a joint design team and promoting advance payment were implemented.

County Governor Seo Chun-soo said, “Rapid execution has played a role as a primer that goes beyond simple early budget execution to revitalize the local economy struggling due to COVID-19 and to promote pledged projects and pending projects for the development of the county,” adding, “This result was achieved through the concerted efforts of about 600 public officials, and I hope it will help restore the morale of county officials, which has been damaged by recent incidents.”

Meanwhile, the performance bonuses and institutional commendations for the ‘2020 Rapid Financial Execution Evaluation’ for local governments nationwide hosted by the Ministry of the Interior and Safety are scheduled to be held in August.

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