Seongdong-gu Achieves 1st Place Nationwide Among Autonomous Districts in Ministry of the Interior and Safety Financial Execution Evaluation

Ministry of the Interior and Safety Selected as ‘Best Institution’ for 2 Consecutive Years in 2023 Second Half Fiscal Execution Evaluation, Secures 100 Million KRW in Special Grants... Notable Efforts in Active Project Promotion and Efficient Fiscal Execution Amid Challenging Financial Conditions

Seongdong-gu, Seoul (Mayor Jung Won-oh) achieved first place among autonomous districts nationwide in the Ministry of the Interior and Safety’s ‘2023 Second Half Fiscal Execution Evaluation’ aimed at revitalizing the local economy.

As a result, the district was selected as the ‘Best Institution’ for the second consecutive year and secured a special grant of 100 million KRW as an incentive.

The fiscal execution evaluation is conducted by the Ministry of the Interior and Safety on 243 local governments nationwide, assessing two areas: fiscal execution and consumption/investment, to inject vitality into the local economy through prompt fiscal spending.

In the fiscal execution category, the district executed 814.9 billion KRW, achieving a 105% execution rate compared to the Ministry’s target of 776.2 billion KRW.

Additionally, in the consumption and investment category, the district executed 58.2 billion KRW in the third quarter, reaching 166% of the Ministry’s target of 35.1 billion KRW, and 81.7 billion KRW in the fourth quarter, achieving 153% of the Ministry’s target of 53.3 billion KRW.

This accomplishment was supported by proactive project implementation and fiscal execution for residents, as well as meticulous and efficient budget planning.

Amid challenging fiscal conditions such as nationwide revenue declines, the district devoted great care from the budget planning stage to operate finances efficiently. The project schedules and budget execution plans were thoroughly reviewed to ensure that necessary funds were allocated timely.

Jung Won-oh, Mayor of Seongdong-gu, stated, “This year as well, we will use residents’ taxes prudently through careful budget planning and actively promote projects with secured budgets to serve as a catalyst for revitalizing the local economy. We will do our best to provide administration that satisfies our residents.”

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