Haenam County Achieves 84.8% Fiscal Execution Rate in Second Half of Last Year

Ranked No. 1 Among Jeonnam Counties for 3 Consecutive Years
Exceeded 15.9 Billion KRW in Consumption and Investment
Driving Local Economic Vitalization

Haenam County in South Jeolla Province (Governor Myung Hyunkwan) achieved an 84.8% fiscal execution rate in the second half of 2024, securing the top spot among county-level local governments in the province for three consecutive years.

According to the county on the 6th, it executed 1.0571 trillion won out of the 1.247 trillion won targeted for fiscal execution in the latter half of last year. Notably, in the consumption and investment sectors, which directly impact the local economy, the county exceeded its target by 15.9 billion won, playing a leading role in the public sector to help overcome the challenging economic downturn.

Haenam County Office Building Exterior View

Since ushering in the era of a 1 trillion won budget in 2019, the county has managed annual budgets ranging from 1.2 to 1.5 trillion won. During the 7th and 8th popularly elected administrations, the main budget nearly doubled from 463 billion won in 2017 to 897.3 billion won in 2025. Despite this increase in budget size, the execution rate has improved every year through thorough fiscal management, reaching as high as 84.8% in the second half of last year.

The consistent rise in the fiscal execution rate is attributed to a strong sense of duty regarding the importance of the public sector's leading role in revitalizing the sluggish local economy, resulting in a concerted effort toward swift fiscal execution.

The county has been making multifaceted efforts to improve its fiscal execution rate by holding internal department review meetings and regular progress reports, managing underperforming projects on a case-by-case basis, and checking the status of carried-over projects to resolve issues. In addition, for projects with significant economic ripple effects and those closely related to residents' daily lives, the county frequently monitors execution prospects to maximize expenditure by making advance payments for goods and construction costs and ensuring project completion within the year.

Notably, through its prompt and efficient fiscal execution, the county has achieved the highest rating for five consecutive years in the local fiscal execution evaluation conducted by the Ministry of the Interior and Safety.

A county official stated, "Despite the increase in budget size, our fiscal execution rate has also risen every year, earning recognition both internally and externally for our 'working administration.' In 2025, following 2024, we will continue to focus on efficient and sound fiscal management so that the allocated budget is swiftly deployed to the field and residents can tangibly feel the benefits through systematic fiscal execution of major projects."

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