Busan Office of Education, Rapid Execution of 1.2478 Trillion KRW in the First Half of This Year

Busan Office of Education.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] The Busan Metropolitan Office of Education announced on the 15th that it will rapidly execute 1.2478 trillion won in the first half of this year.

The execution is being carried out to revitalize the local economy, which has been stagnant due to COVID-19, and to improve the efficiency of local education finance management.

The rapid execution amount is 73.8 billion won more than the 1.174 trillion won executed in the first half of last year.

On the afternoon of the 10th, the Busan Metropolitan Office of Education held a financial execution inspection team meeting led by Deputy Superintendent Oh Seung-hyun to check the progress of financial execution and discuss ways to expand rapid execution.

At the meeting, various measures to maximize financial execution in the first half of the year were discussed, including rapid ordering of facility projects to revitalize the local construction market, simplification of contract procedures, expansion of advance and progress payments, and improvement of purchasing methods for government-supplied materials by item.

Superintendent Kim Seok-jun said, “Considering the prolonged COVID-19 situation causing difficulties in the local economy, we have expedited budget execution. We hope this will contribute even a little to revitalizing the stagnant local economy.”

The Busan Metropolitan Office of Education received a 1 billion won local education finance grant incentive this year due to exceeding the consumption investment execution target in the first half of last year.

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