Jungnang-gu Ranks 1st in Seoul City 2024 Financial Analysis Evaluation... Selected as Best Local Government
Overall Score Field 1st Place Among Seoul Districts... Secured Special Grant of 100 Million Won
Jungnang-gu (District Mayor Ryu Kyung-gi) was selected as the best local government by ranking first in the overall score among Seoul's autonomous districts in the '2024 Local Finance Analysis' conducted by the Ministry of the Interior and Safety.
Through this achievement, the district secured a special grant of 100 million KRW, demonstrating its financial management capabilities.
'Local Finance Analysis' is a representative local finance performance analysis system that comprehensively analyzes and evaluates the financial status and performance of 243 local governments nationwide.
The evaluation is based on 14 main indicators and 31 supplementary indicators across three areas: ▲financial soundness ▲financial efficiency ▲financial planning, providing a comprehensive assessment of the financial status.
This year, the district received a 'B' grade for soundness, an 'A' grade for efficiency, and a 'B' grade for planning, ranking as the top autonomous district in Seoul in the overall score category and securing a special grant of 100 million KRW as an incentive for its performance.
The district received excellent evaluations in key indicators such as local tax collection rate and management ratio of overdue local taxes and non-tax revenues, recognizing its efficient financial management capabilities despite challenging financial conditions such as government austerity measures and decreased tax revenues.
In particular, efforts to reduce public enterprise debt ratios and bold expenditure restructuring led to noticeable improvements in integrated liquidity debt ratios, while managing unused funds and improving tax revenue error rates strengthened financial soundness and planning.
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Mayor Ryu Kyung-gi stated, “This result comes from efforts to operate and manage resources more soundly and efficiently amid difficult financial conditions,” adding, “We will continue to do our best to strengthen financial soundness and enhance financial transparency and sustainability through efficient management.”
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