Changwon Facilities Corporation, Boosting Local Economy... Promoting Rapid Fiscal Execution

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] Changwon Facilities Corporation in Gyeongnam is actively promoting rapid fiscal execution in the first half of the year to revitalize the local economy and improve the efficiency of financial management.

Rapid fiscal execution by local public enterprises is a government fiscal policy initiative aimed at advancing the schedule of fiscal spending to actively respond to risks such as economic recession and employment decline.

The corporation recently held a rapid execution countermeasure meeting and decided to allocate approximately 3.95 billion won, which is 62.3% of the budget for projects subject to rapid execution this year, in the first half of the year.

Gyeongnam Changwon Facilities Corporation recently held a rapid execution strategy meeting.

This rapid execution target set by the corporation is 5.8% higher than the Ministry of the Interior and Safety’s target figure of 56.5%.

To achieve this goal, the corporation operates a ‘Rapid Execution Promotion Team’ led by the head of the management headquarters with participation from each department’s officers, checking monthly achievement performance by department, and focusing on managing major projects with high execution effects such as facility expenses and asset acquisition costs.

Director Kim Jong-hae stated, “We will devote all efforts to rapid fiscal execution so that we can contribute to stabilizing citizens’ lives and promoting local economic growth through the foundation of economic recovery.”

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