Jeon Nam Provincial Assembly Member Kim Gyeongja Criticizes "Excessive Fund Disbursement to Avoid Legislative Oversight"
[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] Kim Kyung-ja, a member of the Jeonnam Provincial Assembly (Democratic Party, proportional representation), criticized the inefficient operation of funds and the healing agriculture promoted by Jeonnam Province during the 351st extraordinary session's provincial administration questions on the 29th.
According to Assemblywoman Kim Kyung-ja, among the 17 metropolitan cities and provinces, Jeonnam Province operates a total of 17 funds, ranking seventh in the number of funds managed. This figure is higher than the 16 funds held by Seoul Metropolitan City as of last year.
In particular, among the Small and Medium Business Promotion Funds operated by Jeonnam Province, the small business support loan project had a fund formation amount of 70 billion KRW, but the execution amount was only 41 billion KRW, resulting in an execution rate of just 58.6%. Additionally, the Hanok Development Fund showed a low execution rate of 36%, with 1.3 billion KRW executed out of the 3.6 billion KRW formed for the Hanok development support loan project.
Assemblywoman Kim Kyung-ja pointed out, “We urgently need to seek ways to integrate the operation of funds to avoid wasting funds raised from residents' taxes and to operate them efficiently.”
She added, “There are funds with usage rates below 5% compared to the formation amount. Although projects could be promoted by budgeting through the general account, I wonder if funds have been excessively issued for convenient use, evading the oversight and checks of the assembly.”
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Furthermore, she emphasized, “In a situation where the prolonged COVID-19 pandemic has increased the number of residents complaining of depression and lethargy, Jeonnam Province should develop a distinctive healing agriculture program and implement it in reality,” adding, “We should also consider ways for healing agriculture to become another industry that creates employment and increases income for local residents.”
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