Suwon-si Shines in Rapid Local Finance Execution in First Half of Year... Selected as Best Institution

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Suwon City in Gyeonggi Province was selected as the best institution for rapid execution of local finances in the first half of this year. With this, Suwon City has achieved the distinction of being selected as the best institution for three consecutive years since 2020.

On the 27th, Suwon City announced that it was selected as the "Best Institution" in the "Evaluation of Rapid Execution of Local Finances" hosted by the Ministry of the Interior and Safety, receiving not only an institutional commendation but also a special grant of 100 million won.

The city executed 800 billion won, exceeding the rapid execution target of 677.6 billion won by about 122.4 billion won from January to June this year.

In addition, in the consumption investment sectors such as personnel expenses, supplies, and facility costs, which directly affect economic growth rates, 226.1 billion won was used in the first quarter and 243.7 billion won in the second quarter.

In particular, the budget related to local economy and COVID-19 support was expanded as much as possible, focusing on stabilizing the livelihood economy.

A city official said, "We were able to achieve the result of being selected as the best institution for three consecutive years by continuously emphasizing budget execution to revitalize the local economy, which has been stagnant since COVID-19. We hope Suwon City's rapid execution efforts will contribute to stabilizing the livelihood economy, and we will continue to carefully monitor so that the allocated budget can be used in a timely manner."

Meanwhile, the Ministry of the Interior and Safety sets and evaluates rapid execution targets for local finances for 243 local governments nationwide every year in the first and second halves to revitalize the economy.

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