Government "98% of Budget to be Executed by Year-End"... Daily Inspection of Projects Over 20 Billion Won

[Sejong=Asia Economy Reporter Kim Hyunjung] The government has decided to raise the central government's fiscal execution rate to 98% (602.4 trillion won) by the end of this year.

On the 16th, the government held an emergency economic central countermeasures headquarters meeting at the Government Seoul Office, chaired by Deputy Prime Minister and Minister of Strategy and Finance Hong Nam-ki, and finalized the fourth quarter fiscal execution status review and response plan including this content.

As of the 13th of this month, the execution rate stands at about 89.7%. The year-end execution rate targets are 98% for the central government, 85% for local finances, and 93% for local education finances.

The government plans to achieve the execution targets under the responsibility of agency heads to maximize the execution rate. In particular, large-scale projects exceeding 20 billion won will be checked daily until the end of the year.

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