Gyeongnam Provincial Council Transparently Discloses Next Year's Budget Review Adjustment Factors
Breaking Away from Traditional Methods, Enhancing Transparency in Budget Review Process and Fulfilling Residents' Right to Know
Chairman Park Junho is conducting a preliminary review of next year's budget under the committee's jurisdiction. (Photo by Gyeongnam Provincial Council)
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The Economic and Environmental Committee of the Gyeongsangnam-do Provincial Council conducted a preliminary review of the committee's jurisdictional budget proposal for the next year over three days starting November 30.
This preliminary budget review broke away from the traditional review method and was conducted in a new way.
Until now, budget cuts were made unilaterally without giving the executive branch an opportunity to explain, but this was improved to a more transparent review process.
During the adjustment meeting, members were given the chance to explain the pre-coordinated budget adjustment plan to the heads of departments and agencies before finalizing the adjustments. The entire process was made public and minutes were recorded.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Chairman Park Junho said, "Next year's budget proposal was thoroughly reviewed focusing on future Gyeongnam food industry, Green New Deal, and fine dust response to revitalize the people's economy," adding, "We will strive further to strengthen the accountability and transparency of the council's core function of budget decision-making."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.