Gwangju Buk-gu Selected as Top Institution in Rapid Financial Execution Evaluation

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (Mayor Moon In) announced on the 10th that it was selected as the best institution in the '2020 Second Half Rapid Execution Evaluation' conducted by the Ministry of the Interior and Safety targeting 243 local governments nationwide.

Buk-gu executed 1,032.6 billion KRW, which is 93% of the total rapid execution target amount of 1.1071 trillion KRW for the second half of the year, and especially in the consumption and investment sectors, it executed 119 billion KRW, which is 135% of the target amount of 88 billion KRW.

Buk-gu was evaluated to have contributed to revitalizing the local economy, which was contracted due to COVID-19, through active financial execution, and secured a special grant of 80 million KRW.

During the first half of this year, the plan is to rapidly execute the budget for projects that help alleviate the management difficulties of small business owners and micro-enterprises, contributing to the stabilization of people's livelihoods.

In particular, Buk-gu set a higher target than the 55.1% suggested by the Ministry of the Interior and Safety, planning to execute 136.9 billion KRW, which corresponds to 72% of the rapid execution target budget of 190.2 billion KRW.

Mayor Moon In of Buk-gu said, "All departments of the district office have joined forces to overcome the economic crisis caused by the prolonged COVID-19," and added, "We will continue to expand and actively manage finances."

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