Boseong-gun Receives Minister of the Interior and Safety Award at Korea Local Finance Awards

Good Evaluation for Expenditure Reduction... 440 Million Won Budget Saved in Urban Forest Creation

[Boseong=Asia Economy Honam Reporting Headquarters, Reporter Park Cheon-seok] On the 26th, Jeollanam-do Boseong County announced that it received the Minister of the Interior and Safety Award at the ‘15th Korea Local Finance Awards’ hosted by the Ministry of the Interior and Safety, along with a financial incentive of 100 million won.

The Korea Local Finance Awards, organized by the Ministry of the Interior and Safety, is the most prestigious award in the financial sector. Since 2008, it has been implemented to discover and disseminate outstanding cases nationwide in expenditure reduction, revenue increase, and other financial areas of local governments, thereby enhancing the efficiency and soundness of local finances.

In particular, Boseong County received high scores in the expenditure reduction category and was selected as an exemplary case. While promoting the ‘Fine Dust Blocking Forest’ project, Boseong County saved about 440 million won in budget by linking and cooperating with other projects and institutions.

By recycling or receiving transfers of soil and various types of trees necessary for forest creation, the project costs were reduced, and the project was carried out in a sustainable and eco-friendly manner.

Kim Cheol-woo, Governor of Boseong County, said, “Boseong County has managed its finances with a focus on establishing sound local finances, and as a local government with no debt since 2014, it has become a nationwide model for sound financial management.” He added, “As the local economy is becoming more difficult due to inflation and COVID-19, we will do our best to further improve the efficiency and soundness of local finances.”

Meanwhile, the Boseong County Fine Dust Blocking Forest was created on a 2.1 km section of the former National Road No. 2, where traffic volume sharply decreased and the road’s function was greatly weakened, to resolve chronic livestock odor and block fine dust. It is loved as a healing space for local residents. This project was also selected as an excellent case of proactive administration by Jeollanam-do.

Boseong=Asia Economy Honam Reporting Headquarters, Reporter Park Cheon-seok hss79@asiae.co.kr

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