Gimcheon-si to Allocate 432.3 Billion Won in the First Half of This Year... About 61% of Total Budget

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gimcheon City, Gyeongbuk Province, announced on the 8th that it held the '2021 First Half Local Finance Rapid Execution Promotion Meeting' on the 5th to overcome the regional economic contraction caused by the spread of COVID-19 infections.

At the meeting held under the chairmanship of Vice Mayor Lee Chang-jae , Gimcheon set the rapid execution target for the first half of this year at a record high of 432.3 billion KRW. This is 61%, which is 5.9% higher than the government's proposal of 55.1%, considering the difficult local economic situation.

Gimcheon plans to maximize the budget execution rate through the operation of a rapid execution promotion team led by the vice mayor and a system of assigning persons in charge according to project scale. They plan to enhance this further.

Mayor Kim Chung-seop said, "We seriously recognize the depressed local economic situation due to COVID-19, and ask all administrative power to focus on rapid execution with special attention to jobs and consumption/investment sectors that have a significant economic ripple effect, so that citizens and small business owners can shake off despair and have new hope."

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