Jeonnam Provincial Council Budget and Accounts Committee Holds 2nd Budget Review Workshop

The 2nd Budget and Accounts Special Committee of the Jeonnam Provincial Council announced on the 18th that it will hold a workshop in Jangheung-gun to enhance understanding of local finance and improve budget and accounts review capabilities.

At the workshop, experts were invited to prepare for this year's main budget review, discussing efficient local financial management directions and budget and accounts review techniques.

The 2nd Budget and Accounts Special Committee of the Jeonnam Provincial Council held a workshop to improve budget review capabilities. Photo by Jeonnam Provincial Council

Han Tae-sik, director of the Local Finance Research Institute at the Value Management Institute, who was invited as a lecturer, attracted attention with case-centered lectures on ▲the budget and accounts process ▲types and examples of budget waste ▲analysis methods ▲key review points during audits, along with Q&A sessions tailored to review techniques for various situations.

Chairman Choi Myung-su stated, “Due to the domestic economic downturn and tax reduction policies leading to decreased tax revenue, we will closely review essential budgets during budget formulation and review to manage local finances effectively.”

The 2nd Budget and Accounts Special Committee of the Jeonnam Provincial Council was formed on the 20th of last month with 20 members including Chairman Choi Myung-su, conducting legislative activities such as budget and accounts reviews for Jeonnam Province and the Jeonnam Provincial Office of Education.

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