Gangjin-gun Selected as an Excellent Institution in Local Finance Analysis Efficiency Category

[Asia Economy Honam Reporting Headquarters Reporter Kim Yong-su] On the 19th, Gangjin-gun, Jeollanam-do announced that it was selected as the top nationwide 'Grade A' in the efficiency category of the Ministry of the Interior and Safety's local finance analysis on the financial status of local governments, securing an incentive of 50 million won.

The local finance analysis is a representative local finance monitoring system that comprehensively analyzes and evaluates the financial status and performance of local governments nationwide based on the previous year's settlement data.

This year's evaluation was made more realistic through partial changes and weight adjustments of existing indicators, and by classifying into four types with similar population and financial conditions of cities, counties, and districts, allowing more accurate comparison and evaluation in terms of soundness, efficiency, and planning.

Gangjin-gun received particular attention for scoring higher than the type average in local tax and non-tax revenue collection rates, delinquent debt management ratio, self-expense ratio, and unused fund ratio.

However, in the soundness category, there was some disappointment as it received a somewhat lower evaluation in management debt due to the principal and interest repayment burden for previously implemented BTL projects such as the construction of the Art Hall.

Lee Seung-ok, the mayor of Gangjin-gun, stated, "Due to the prolonged COVID-19 situation and government supplementary budgets for various emergency disaster relief funds, the amount of local allocation tax assigned to local governments has significantly decreased, making it more difficult to manage next year's budget." He added, "Nevertheless, we will focus on active fiscal expenditure to revitalize the local economy and create jobs, and strive for strategic investment and attracting public projects for key projects aimed at the long-term development of Gangjin."

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