All-Out Effort to Revitalize Local Economy! ... Pohang City Holds First Half Rapid Execution Report Meeting

Sharing Q1 Rapid Execution Status and Discussing Measures to Improve Execution Rate

Pohang City held the '2024 First Half Local Finance Rapid Execution Report Meeting' on the 18th, chaired by Vice Mayor Jang Sang-gil, to restore the livelihood economy and revitalize the local economy.

On the 18th, Pohang City held a first half-year local finance rapid execution report meeting for this year, chaired by Vice Mayor Jang Sang-gil, to recover the livelihood economy and revitalize the local economy.

At the meeting, department heads and division chiefs attended to share the status of rapid execution in the first quarter, discuss measures to improve the execution rate, and plan for the second quarter execution.

The city set the local finance rapid execution target for the first quarter of this year at 392.4 billion KRW and is focusing administrative efforts to exceed this target.

Additionally, at this meeting, it was emphasized to actively utilize the Ministry of the Interior and Safety's temporary special measures for rapid execution, such as continuous management of project progress rates and simplification of private contract procedures, to ensure smooth budget execution.

Vice Mayor Jang Sang-gil stated, “It is expected that difficulties in the livelihood economy will deepen in the first half of this year due to reduced consumption capacity caused by prolonged high interest rates and high prices,” and urged, “As public sector fiscal execution becomes more important, all public officials should do their best to promptly execute by identifying all possible areas to drive economic stimulus.”

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