On-site Inspection of Large-scale Investment Projects to Unblock Budget Execution Bottlenecks

Gyeongnam Province, "Next Year's Budget Will Be Organized by Process Considering Executability"

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongsangnam-do announced on the 12th that it plans to actively manage budget execution to prevent budget waste by visiting major project sites in the province and checking the progress of each project.

This inspection will focus on visiting about 20 project sites with slow execution among 34 large-scale investment projects worth over 5 billion won.

In addition, it plans to identify and focus on solving unusual issues such as the nationwide shortage of rebar and rising raw material prices that occurred in the second quarter.

This is to concentrate administrative efforts on revitalizing the local economy and recovering employment during the economic recovery process in the second half of the year.

Furthermore, the province stated, "When preparing next year's budget, we plan to promote the principle of executing the budget within the same year by considering factors such as execution feasibility and policy effectiveness."

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