Haenam-gun Selected as 'Best Institution' for Prompt Execution by Ministry of the Interior and Safety

Execution Rate Continues to Rise, Achieving Record-High Spending to Overcome the COVID-19 Economic Crisis

Haenam-gun Execution Performance and Execution Rate Status (Photo by Haenam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] Haenam-gun, Jeollanam-do announced on the 13th that it was selected as the best institution in the second half of 2020 local finance rapid execution evaluation conducted by the Ministry of the Interior and Safety, receiving the Minister of the Interior and Safety’s institutional commendation along with a special grant of 80 million won as an incentive.

Through rapid execution in the second half of 2020, it executed 896.3 billion won out of the general and special account budget of 1.0918 trillion won, achieving the largest scale of execution ever.

The execution rate has also continuously increased, rising from 66.7% at the launch of the 7th local government to 82.1% last year, showing that major priority projects are being promoted with speed.

In particular, in the consumption and investment execution sectors that have a practical impact on the local economy, it executed 181.9 billion won, exceeding the second half target of 161.7 billion won, achieving an execution rate of 112.5%, significantly surpassing the national average, actively compensating for the local economy contracted by COVID-19 through the public sector.

Additionally, by actively utilizing the Ministry of the Interior and Safety’s rapid execution special system such as advance payment of up to 80% at contract, frequent execution of progress payments, prior notification of government-supplied materials, and promotion of advance payment and advance purchase, it focused on executing various operating and material expenses directly linked to local commercial consumption, agricultural and fishery income increase projects through agricultural and forestry subsidies, and large-scale facility projects with significant economic ripple effects.

County Governor Myeong Hyun-gwan stated, “As a result of expansive and proactive rapid execution to quickly supply funds to the private sector, it appears that we have overcome the difficulties of COVID-19 and achieved results in revitalizing the local economy,” adding, “This year as well, through project progress and execution management, we will continue to promote planned rapid execution that minimizes excessive carryover and non-utilization of the budget with the top priority of revitalizing the local economy.”

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