Yeoju City Achieves 4.1 Billion KRW in Interest Income from Fund Management Last Year

Systematic Analysis of Revenue and Expenditure Flows... Public Fund Management
Dispersed Investment of Surplus Funds in Short and Long Term... Maximizing Interest Income

Yeoju City, Gyeonggi Province (Mayor Lee Chung-woo) announced on the 9th that despite difficult financial conditions, it achieved 4.1 billion KRW in interest income for the general account and other special accounts in 2024 through the operation of public funds based on systematic analysis of revenue and expenditure flows. The city explained that this result was obtained through proactive fund management.

A panoramic view of Yeoju City Hall. Provided by Yeoju City.

Recognizing the need to secure stable resources due to the increase in expenditure scale such as welfare service expansion, Yeoju City actively deposited time deposits in response to the recent trend of rising interest rates. In particular, it minimized demand deposits by closely analyzing available public deposit resources in cooperation with the department in charge of other special accounts.

For stable fund management, the city preemptively identified large-scale revenue and expenditure flows and operated time deposits according to expenditure schedules, minimizing the balance of public deposit accounts and maximizing interest income by diversifying surplus funds into long- and short-term investments.

Mayor Lee Chung-woo of Yeoju said, "In a time when securing tax revenue is difficult due to rising prices and economic recession, securing available resources according to increasing administrative demands is more important than anything else," adding, "We will strive to ensure that funds are used where residents need them through securing national and provincial subsidies and diversifying the discovery and management of local autonomous resources."

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