Jeong Myeong-geun, Mayor of Hwaseong, "62% of Budget Executed in First Half to Restore People's Livelihood Economy"

"Focused Execution of Budgets for Public Infrastructure and the Local Economy"

Hwaseong City in Gyeonggi Province will concentrate 62% of its budget expenditure in the first half of the year to revive the local economy.

Hwaseong City will concentrate 62% of its budget expenditure in the first half of the year to revive the local economy. Jeong Myeong-geun, Mayor of Hwaseong City, is presiding over the "Rapid Expenditure Promotion Plan Report Meeting" held on the 20th. Photo by Hwaseong City

On the 20th, Hwaseong City announced that it made this decision at the '2025 First Half Rapid Expenditure Promotion Plan Report Meeting' held in the city hall situation room, chaired by Mayor Jeong Myeong-geun.

At the report meeting, the city set a strategic rapid expenditure promotion plan aiming to spend 35% in the first quarter and 62% in the first half, and discussed ways to improve the execution rate of major projects. The city explained that this level of budget execution is the largest ever.

Previously, the city allocated an expansionary budget to actively support the recovery of the local economy, including 45.6 billion KRW for issuing local currency, 12.1 billion KRW for supporting small and medium-sized enterprises and small business owners, and 160.7 billion KRW for the construction of major public facilities and infrastructure.

To ensure bold and rapid budget execution, the city formed a 'Rapid Expenditure Promotion Team' led by the first deputy mayor, which will conduct regular report meetings to monitor monthly expenditure status through ▲checking and managing execution performance ▲analyzing fund operation status ▲checking execution status of public enterprises.

Mayor Jeong said, "The role of the public sector is very important to revive the stagnant local economy," adding, "The city will take the lead in stimulating the domestic economy and restoring the local economy by achieving the highest rapid expenditure rate ever through concentrated execution and management of budgets directly related to public infrastructure projects and the local economy."

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