Yeongam-gun Selected as an 'Excellent Institution' for Local Fiscal Execution in the First Half of 2023

Secured 33 Million Won Incentive... Positive Evaluation on Fiscal Execution and Consumer Investment

Yeongam-gun, Jeollanam-do (Governor Woo Seung-hee) was selected as an excellent institution in Jeollanam-do’s ‘2023 First Half Local Finance Execution Evaluation,’ securing an institutional commendation and a financial incentive of 33 million KRW.

Yeongam-gun Office Building Exterior View

According to the county on the 25th, this award is a great achievement following the Ministry of the Interior and Safety’s local finance execution evaluation for the second half of last year, where Yeongam-gun was recognized as an excellent institution, and the top institution selection in the evaluation hosted by Jeollanam-do. At the end of last year, Yeongam-gun secured incentives of 54 million KRW and 66 million KRW respectively from these two awards.

This evaluation by Jeollanam-do was based on the execution performance of ‘1st and 2nd quarter consumption and investment’ in the first half local finance execution.

Yeongam-gun achieved a financial execution of 198.8 billion KRW, which is 52.46% of the budget amount of 378.9 billion KRW, and in the consumption and investment sector, it executed 86 billion KRW, exceeding the target amount of 77.7 billion KRW by 110.7%.

Additionally, Yeongam-gun formed a ‘Local Finance Rapid Execution Promotion Team’ led by the deputy governor, establishing a close collaboration system between budget and expenditure project departments to improve the execution rate.

In particular, it is known that the positive evaluation was due to the frequent inspection of the execution performance of large-scale investment projects and reasons for underperformance, as well as the active utilization of the government’s rapid execution guidelines, which created a synergistic effect.

A county official stated, “The efforts of all employees to revitalize the stagnant local economy through proactive financial execution have produced good results,” and added, “We will continue to fulfill the role of the public sector for the happiness of residents and the vitality of the region.”

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