Muan-gun Selected as an 'Excellent Institution' for Fiscal Execution in the First Half of 2022

Ministry of the Interior and Safety Recognized as Excellent Institution Nationwide and Jeonnam Province Awarded Best Institution

[Muan=Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo] Muan County in Jeollanam-do achieved the remarkable feat of being selected as an excellent institution nationwide in the first half of 2022 fiscal execution evaluation conducted by the Ministry of the Interior and Safety, and also being chosen as the best institution in the Jeollanam-do evaluation.

As a result of this evaluation, the county will receive a financial incentive of 113 million KRW, including 47 million KRW from the Ministry of the Interior and Safety and 66 million KRW from Jeollanam-do.

The county executed 192.6 billion KRW out of the 340.3 billion KRW target for rapid execution in the first half, exceeding the Ministry of the Interior and Safety’s set goal of 189.2 billion KRW (55.6%) by 3.4 billion KRW, achieving a final execution rate of 56.58% in the first half.

In particular, in the consumption and investment sectors aimed at directly increasing economic ripple effects in the private sector, the execution rates were 113% in the first quarter and 125% in the second quarter, significantly surpassing the target amounts.

According to the county, to improve the execution rate, the deputy county head chaired frequent rapid execution inspection meetings and conducted proactive responses by checking the progress of underperforming projects. Additionally, they focused on recovering the local livelihood economy, which was weakened by COVID-19 and international circumstances, by expanding advance payments in the facility construction sector, early settlement of progress payments, and bulk purchasing of consumables, which contributed to the successful fiscal execution.

County Governor Kim San expressed gratitude, saying, “I would like to thank all the residents who have endured difficult domestic and international conditions for a long time and the public officials who silently support behind the scenes,” and urged, “I hope budget execution in the second half will simultaneously enhance both effectiveness and efficiency.”

Meanwhile, rapid local fiscal execution is a system designed to revitalize the regional economy through prompt public sector fiscal spending and to improve the efficiency of fiscal management. Muan County has been consistently selected as an excellent institution in evaluations by the Ministry of the Interior and Safety and Jeollanam-do since 2020.

Muan=Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo gabrielw@asiae.co.kr

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