Changwon Facilities Corporation, Boosting Local Economy... Rapid Fiscal Execution in the First Half of the Year

Changwon Facilities Corporation in Gyeongnam is actively promoting rapid fiscal execution in the first half of the year to revitalize public livelihood and the local economy and to enhance the efficiency of financial management.

Meeting for Rapid Execution of Budget Officers.

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

The corporation recently held a rapid execution promotion meeting and decided to allocate about 3.4 billion won, which is 63.0% of the budget for rapid execution target projects this year, in the first half of the year.

To achieve the goal, the corporation plans to check the weekly and monthly execution status by department and focus on managing major projects with significant execution effects, such as facility expenses and asset acquisition costs.

Director Kim Jonghae said, “We will make every effort to ensure rapid fiscal execution so that we can contribute to stabilizing citizens' lives and promoting local economic growth through the foundation of economic recovery.”

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