Discussion on Local Fiscal Management Directions and Strengthening Local Subsidy Management

The Ministry of the Interior and Safety announced on the 3rd that it will hold the '7th Central-Local Policy Council' with 17 metropolitan and provincial governments.


Ministry of the Interior and Safety Holds the 7th Central-Local Policy Council Meeting View original image

In this meeting, deputy heads of the 17 metropolitan and provincial governments will participate. Chungcheongbuk-do and Gyeongsangbuk-do will focus on flood damage recovery, while Jeollabuk-do will attend via video to respond to the World Scout Jamboree, which is being held until the 12th.


The meeting will include presentations and discussions on ▲ the 2024 local finance management direction and measures to strengthen local subsidy management, ▲ summer safety (heat waves, wind and water disasters, water safety) preparedness, and management of prices at vacation spots.


First, the government will guide local governments on the 'Local Government Budget Compilation and Operation Standards,' including the 2024 local finance management direction aimed at 'sound local finance and growing regional economy.' Along with this, the Ministry of the Interior and Safety has prepared 'Measures to Strengthen Local Subsidy Management' to intensively manage all stages of local subsidies from planning, execution, to settlement.


Additionally, local governments are urged to thoroughly prepare for summer safety issues such as heat waves, wind and water disasters, and water safety, and to cooperate in managing prices at summer vacation spots.


Furthermore, they are asked to conduct comprehensive inspections of risk factors and take preemptive safety measures in flood-prone areas such as low-lying facilities.


Regarding the management of prices at vacation spots, they are requested to strictly manage to prevent overcharging by preparing price stabilization checklists and establishing cooperative systems.



Minister Lee Sang-min stated, “Next year’s local budgets should be reexamined from the ground up to eliminate wasteful budgets that are operated habitually and repetitively, and local finances should be intensively invested in stabilizing people’s livelihoods and welfare for the vulnerable.” He added, “I hope all efforts will be made to maintain prevention activities and response readiness so that no more casualties occur due to summer safety accidents.”


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

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