Gyeongnam Provincial Council Approves Original Plan for 2020 Gyeongnam Settlement Comprehensive Review

Final Accounts Revenue 11.9985 Trillion KRW, Expenditure 11.3666 Trillion KRW Approved as Proposed, 15 Ancillary Opinions Adopted

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The Budget and Accounts Special Committee under the jurisdiction of the Gyeongsangnam-do Provincial Council conducted a comprehensive review and approved the original proposal regarding the '2020 Fiscal Year Gyeongsangnam-do Settlement of Accounts and Approval of Contingency Expenditure' during the 386th regular session.

The scale of the 2020 fiscal year Gyeongsangnam-do settlement of accounts is revenue of 11,998.5 billion KRW, expenditure of 11,366.6 billion KRW, and a surplus of 631.8 billion KRW.

Compared to last year, revenue increased by 2,297.6 billion KRW and expenditure increased by 2,271.3 billion KRW.

They reviewed execution performance, reasons for execution delays, setting and achievement of performance goals, and the appropriateness of gender-responsive projects.

The council thoroughly examined whether the budget approved by the provincial council was properly executed for its originally approved purposes and whether there were any errors during the execution process.

Additionally, measures were ordered to be established at each department and headquarters level to prevent revenue deficits, and for projects with excessive execution balances or carryover amounts, appropriate budget amounts should be allocated in the future.

Meanwhile, this settlement proposal will be finally approved at the 4th plenary session of the 386th regular meeting on the 17th.

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