Eunpyeong-gu Selected as Best Institution in 2020 Ministry of the Interior and Safety Financial Analysis

[Asia Economy Reporter Jongil Park] Eunpyeong-gu (Mayor Kim Mi-kyung) has been selected as the overall best institution in the '2020 Local Government Financial Analysis' conducted by the Ministry of the Interior and Safety, receiving a commendation from the Ministry and a special grant incentive.

The financial analysis evaluates the financial status of all 243 local governments nationwide using 13 indicators across three areas: ▲ soundness ▲ efficiency ▲ accountability, providing a comprehensive assessment of their financial conditions.

According to the analysis results, Eunpyeong-gu received high evaluations in the soundness area for the public enterprise debt ratio, in the efficiency area for the investment, contribution, and transfer ratio, and in the planning area for the mid-term financial plan reflection ratio, tax revenue error ratio, and unused and unreturned fund ratio, leading to its selection as the overall best district in Seoul.

Eunpyeong-gu especially received excellent evaluations in all indicators of the financial planning area. This is attributed to the district's efforts to accurately predict revenue and expenditure, enhance financial planning, and minimize unused and unreturned funds through continuous execution management.

Kim Mi-kyung, Mayor of Eunpyeong-gu, stated, “We will continue to do our best to revive the local economy, which has been depressed due to COVID-19, through planned and sound local financial management, so that more residents can live well together.”

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