Dong-gu Office, Gwangju Metropolitan City.

Dong-gu Office, Gwangju Metropolitan City.

View original image

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Dong-gu, Gwangju Metropolitan City (Mayor Im Taek) announced on the 8th that it was selected as the best institution in the '2021 First Half Rapid Execution Final Evaluation' conducted on 243 local governments nationwide.


To revitalize the local economy, which has been stagnant due to the prolonged COVID-19 pandemic, Dong-gu focused on executing 56.8 billion KRW, which is 66.8% of the target amount of 85 billion KRW, through the rapid execution promotion in the first half of 2021, in line with the government's expansionary fiscal policy.


In particular, in the consumption and investment sectors, it executed 71.6 billion KRW, exceeding the target amount of 46.6 billion KRW, achieving an accomplishment rate of 153.6%. Especially in the second quarter, it achieved second place among 243 local governments nationwide.


Dong-gu established a continuous rapid execution inspection system centered on the mayor and made efforts to advance the execution plans for second-half projects in all departments, including early ordering of large-scale projects, to maximize budget execution in the first half.


Additionally, for projects with incomplete detailed designs, budgets were allocated after design completion, thoroughly considering execution feasibility from the budget planning stage.


Daily reviews of execution status according to rapid execution promotion, focused management of consumption, investment sectors, and job projects, and thorough efforts for the role of local finance in early recovery of the stagnant local economy earned high evaluations.



Mayor Im Taek of Dong-gu said, “This best institution selection is the result of all employees doing their best in their respective positions to recover the economy stagnated by COVID-19,” and added, “In the second half, we will strengthen the efficiency of budget execution through active fiscal execution to revitalize the local economy and provide practical help to residents' lives.”


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing