Imsil-gun Selected as a 'National Excellent Organization' in Local Finance Analysis by the Ministry of the Interior and Safety

[Imsil=Asia Economy Honam Reporting Headquarters Reporter Park Nosik] Imsil-gun, Jeonbuk announced on the 14th that it was selected as an excellent organization nationwide in the '2021 Fiscal Year Local Finance Analysis' evaluation conducted by the Ministry of the Interior and Safety, receiving a special grant of 50 million won as an incentive.

The local finance analysis comprehensively analyzes local finances using 13 indicators in three areas: financial soundness, efficiency, and planning, targeting 243 local governments nationwide.

It is a representative monitoring system of the Ministry of the Interior and Safety that categorizes 13 local governments with similar population and financial conditions into groups and comprehensively evaluates and compares the financial status of local governments.

Excellent organizations are divided into three categories: overall excellence, efficiency excellence, and planning excellence. Among them, the county was selected as an excellent organization by receiving a high score in the field of local finance efficiency among similar local governments.

The efficiency evaluation indicators include six major indicators: the ratio of self-generated revenue, local tax collection rate, delinquent tax management rate, local subsidy ratio, investment and contribution transfer ratio, and self-expense ratio.

The county was recognized as an excellent organization for its active collection of local taxes, delinquent tax management efforts, and efficient management of local subsidies and self-expenses.

In addition, despite COVID-19 and prolonged economic recession, the county was positively evaluated for reducing current expenses and event expenses and operating various exemption systems as part of COVID-19 support policies.

Through a comprehensive cleanup plan in the first and second half of the year, efforts to increase the local tax collection rate and reduce the ratio of delinquent non-tax revenue were made, earning high evaluations for efficiency.

County Governor Shim Min said, "Despite difficult situations such as the prolonged COVID-19 pandemic, high inflation, and economic recession, this result was achieved by all public officials working together for stable revenue collection, detailed budget formulation, and active financial execution." He added, "We will continue to carefully manage the county’s finances through thorough planning and efficient financial management so that residents can enjoy more benefits."

Imsil=Asia Economy Honam Reporting Headquarters Reporter Park Nosik baekok@asiae.co.kr

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