Sancheong-gun Holds Local Finance Rapid Execution Report Meeting This Year

Total Budget of 710 Billion KRW, 230 Billion KRW to Be Executed in the First Half of the Year

First Half Rapid Execution Performance Countermeasure Report Meeting.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam is accelerating the revitalization of the local economy through the prompt execution of local finances.

On the 17th, a local finance prompt execution briefing was held, attended by Deputy Governor Jo Hyeong-ho of Sancheong-gun and heads of various departments, where measures for the prompt execution of local finances were discussed.

At the briefing, focused discussions were held on sector-specific measures to revive the depressed local economy and consumption sentiment weakened by the extension of social distancing.

In-depth discussions took place on ways to promptly execute consumption and investment projects that have a significant ripple effect on the local economy and are tangible to residents.

The overall execution status of underperforming projects with execution rates below 10% and large-scale investment projects was reviewed by department. Problems and difficulties encountered during the process were heard and solutions were also discussed.

Sancheong-gun explained that through this briefing, it plans to fully execute the local finance prompt execution target of 231.8 billion KRW for the first half of the year.

This corresponds to 60% of the 386.4 billion KRW subject to prompt execution out of the total Sancheong-gun budget of 715.9 billion KRW (including carryover) for this year.

Deputy Governor Jo Hyeong-ho of Sancheong urged, “All departments should do their best to ensure that underperforming projects are promptly executed through institutional improvements.”

Sancheong-gun has organized this year’s budget at a scale of 600 billion KRW, an increase of more than 100 billion KRW compared to last year. This is the first time in Sancheong-gun’s budget history that the initial budget exceeded 600 billion KRW.

Since entering the 400 billion KRW range in the 2018 main budget, the county has continuously increased the scale of budget organization. Compared to 318.5 billion KRW in 2010, it has risen 1.9 times in 10 years.

It has also consistently achieved good results in prompt execution. Sancheong-gun was selected as an ‘excellent institution’ in the second half of 2021 prompt execution evaluation conducted by Gyeongnam Province, securing a special adjustment grant of 100 million KRW.

In the consumption and investment budget execution performance sector, which has a large ripple effect on the local economy, Sancheong-gun recorded execution rates of 116.86% in the third quarter and 118.41% in the fourth quarter compared to the target.

In the final evaluation of prompt execution conducted by the Ministry of the Interior and Safety on 243 local governments nationwide in the second half of last year, Sancheong-gun was also selected as an excellent institution, securing a special grant of 40 million KRW.

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