Gyeongbuk Pohang-si, Revitalizing Local Economy Centered on People's Livelihood... 245.2 Billion KRW Executed in Q1, Exceeding Target

On the 10th, Pohang City in Gyeongbuk held the '2022 First Half Rapid Execution Promotion Report Meeting' to revitalize the local economy amid the prolonged COVID-19 pandemic.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Pohang City, Gyeongbuk, held the '2022 First Half Rapid Execution Promotion Report Meeting' to prepare measures for revitalizing the local economy.

At the report meeting held on the 10th, the execution performance of each department and the causes of sluggish execution projects were analyzed, and solutions were sought.

The city set a consumption and investment execution target amount of 245.2 billion KRW, which is 21.5% higher than the Ministry of the Interior and Safety's target of 18.4%, focusing on economic ripple effects and citizens' daily lives this year. The budget is planned to be executed rapidly in the first quarter.

In addition, to ensure rapid execution, the city plans to achieve the target amount by the end of March by operating the financial execution promotion system and utilizing the first-half financial execution guidelines, such as maximum advance payment execution.

A Pohang city official said, "Following last year, as public sector financial execution has become more important amid the economic crisis caused by COVID-19, all public officials should actively promote rapid execution to stimulate the economy and do their best to discover and promptly implement all executable parts."

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