Goheung-gun Responds to COVID-19 Economic Downturn with Rapid Fiscal Execution

Prompt execution of 287 billion KRW in the first half... Enhancing residents' livelihood stability and regional economic vitality

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Goheung County (Governor Song Gwi-geun) announced on the 26th that it has agreed to expedite the execution of the public sector budget as much as possible to revitalize the local economy, which has been stagnant due to prolonged COVID-19 difficulties faced by residents and reduced consumption.

A report meeting on the rapid execution of local finances for the first half of the year was held at Heungyang Hall in the county office, presided over by Deputy Governor Jeong Ha-yong, with all department heads in attendance.

At this meeting, urgent inspections were conducted on the execution status of large-scale independent projects, including those over 500 million won, and focused discussions were held on future execution plans and measures to improve execution performance.

Additionally, the meeting agreed to focus on executing the first quarter target amount of 83 billion won in consumption and investment sectors to provide tangible assistance to residents and enhance the effectiveness of financial execution.

Going forward, Goheung County plans to execute 60% of the 478.4 billion won target for rapid execution in the first half of the year, amounting to 287 billion won, which is 4.9% higher than the Ministry of the Interior and Safety’s target of 55.1%.

In particular, to achieve the first half target, the county will actively utilize the 80% advance payment exception and guidelines for rapid execution of local finances to further improve the efficiency of rapid execution.

Deputy Governor Jeong Ha-yong urged, “I hope all public officials will take responsibility and concentrate all administrative efforts on the rapid execution of the public sector budget in the first half of the year, which will serve as an opportunity to revitalize the local economy, consumption, and investment, which have been depressed due to COVID-19.”

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