Public Institutions to Invest 45 Trillion Won by the End of Q3

MoEF Holds 'Public Institution Investment Execution Inspection Meeting'

Major public institutions will carry out investments worth 45 trillion won this year. To support the economic flow characterized by a strong first half and a weak second half, they plan to execute investments exceeding the target by the end of the third quarter.

On the 20th, the Ministry of Economy and Finance held a meeting to review public institution investment execution at the Government Seoul Office, chaired by Im Gi-geun, Director General of Fiscal Management. The ministry checked the progress of third-quarter investment execution for 27 major public institutions with large investment scales and discussed anticipated execution difficulties and solutions for the remaining period of the second half of the year.

As a result of the execution performance review, major public institutions executed 40.9 trillion won (64.6%) out of the originally established annual investment plan of 63.4 trillion won by the end of August. The Ministry of Economy and Finance plans to execute investments exceeding the third-quarter target (44.7 trillion won) by carrying out investments of 45 trillion won or more. They explained that the full 100% of this year’s investment plan will be executed by the end of the year. Additionally, beyond the annual target of 63.4 trillion won, they will identify and execute additional investment demands of about 1.8 trillion won.

Im Gi-geun, Director General of Fiscal Management at the Ministry of Economy and Finance, stated, “We will hold monthly investment execution review meetings and actively support improving the execution conditions of public institutions to help solidify the macroeconomic flow characterized by a strong first half and a weak second half.”

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