Dongducheon-si Selected as an 'Excellent' Organization in the 2024 Local Finance Analysis Evaluation

Dongducheon City, Gyeonggi Province (Mayor Park Hyung-deok) announced on the 27th that it was selected as an excellent local government by receiving the 'Highest Grade' in the improvement category in the 2024 Local Government Financial Analysis Evaluation conducted by the Ministry of the Interior and Safety, securing an incentive of 38 million won in special grants.

A view of Dongducheon City Hall. Provided by Dongducheon City.

The local government financial analysis is a representative local finance monitoring system that comprehensively analyzes and evaluates the financial status and performance of local governments nationwide based on the previous year's settlement data.

This year, 14 major financial indicators in three areas?△ financial soundness (revenue and expenditure management, debt management, public enterprise management), △ efficiency (revenue management, expenditure management), and △ planning (financial planning, financial execution)?were analyzed for 243 local governments nationwide (17 metropolitan cities and provinces, 226 cities, counties, and districts) grouped into 13 groups with similar population and financial conditions.

According to the Ministry of the Interior and Safety's analysis, Dongducheon City showed an integrated financial balance ratio of 4.42% (national average -1.27%) and an unused budget ratio of 2.08% (national average 6.55%), indicating that it managed its finances soundly and with planning.

Mayor Park Hyung-deok of Dongducheon City stated, “Despite the rapidly changing internal and external conditions and the prolonged effects of the economic downturn, all public officials worked together to improve key financial indicators by enhancing financial soundness and efficiency, achieving good results. We will continue to do our best to operate local finances with substance, based on sound finances, efficient budget formulation, and prompt execution management.”

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