Haenam-gun Selected as an Excellent Institution in Jeonnam Province's First Half Rapid Execution Evaluation

Published 14 Jul.2021 15:40(KST)

Achieving a Double Crown Following Selection as the Best Institution in the Ministry of the Interior and Safety Evaluation

Haenam-gun Office Building Exterior (Photo by Haenam-gun)

[Haenam＝Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] On the 14th, Haenam-gun, Jeollanam-do announced that it was selected as an excellent institution in the ‘2021 First Half Local Finance Rapid Execution’ evaluation targeting 22 cities and counties in Jeollanam-do.

Haenam-gun achieved a double crown this year in the first half, following its selection as the best institution by the Ministry of the Interior and Safety.

Out of the rapid execution target amount of 420 billion KRW, 285.5 billion KRW was executed, achieving 68%, which exceeds the Jeollanam-do target rate of 55.1% by 12.9%. In particular, in the consumption and investment sectors that practically affect the local economy, 152.8 billion KRW was executed, achieving an execution rate of 118.8% compared to the target amount.

Since the beginning of this year, the county has been making every effort to operate local finances in a planned and proactive manner to stimulate the local economy in response to COVID-19, according to the monthly execution plan.

By receiving consecutive top awards in the Ministry of the Interior and Safety evaluations for rapid execution in the second half of 2020 and the first half of 2021, the county plans to reorganize the special grant of 135 million KRW in incentives received as project funds to solve local issues this year.

Haenam-gun’s total budget exceeded 1 trillion KRW since 2019, making it the largest among counties of the same type nationwide. The execution rate has also continuously increased, rising from 63.0% at the launch of the 7th local government to a record high of 82.1% in 2020, indicating that major priority projects are being promoted at a rapid pace.

County Governor Myeong Hyun-gwan stated, “In the second half of the year, we will thoroughly manage key county projects to contribute to revitalizing domestic demand in response to COVID-19 and to help activate the local economy through active local finance execution.”