Taean County to Inject Over 226.7 Billion Won in First Half... "Boosting the Local Economy"

Full Commitment to Strategic and Proactive Fiscal Management...
Advance Payments and Purchases in the Public Sector

On the 5th, Mungyeong Shin, Director of Planning and Budget, during a regular briefing at the briefing room of Taean County Office, Chungnam. /Taean County

Taean County in South Chungcheong Province will pursue strategic and proactive fiscal management this year to revitalize the local economy.

The county announced plans to aggressively manage its finances to improve living infrastructure, expand transportation networks, and boost agriculture and fisheries, while also taking the lead in discovering new public project opportunities for the groundbreaking development of Taean's future.

The county has set this year's expenditure budget at 734.1 billion KRW, an increase of 51.1 billion KRW compared to last year. Of this, over 226.7 billion KRW will be concentrated in the first half of the year to focus on reviving the stagnant local economy.

For major investment projects exceeding 500 million KRW, the county will regularly monitor progress to ensure that as much of the budget as possible is executed in the first half of the year. In the public sector, measures such as prepayment and advance purchases of goods will be actively utilized to stimulate the economy.

The county will also devote full effort to implementing key projects for regional development. This year, 1 billion KRW will be invested in research expenses for setting policy directions, and 27.2 billion KRW will be allocated to 52 projects across 10 areas related to the 8th popularly elected administration's pledges to residents.

Plans include investing 51.7 billion KRW in projects to improve residential environments for a high-quality living environment, 27.4 billion KRW in cultural, tourism, and sports facility improvements, and about 14 billion KRW in the maintenance of national heritage sites. Additionally, approximately 17.1 billion KRW will be spent on improving agricultural and fisheries infrastructure and expanding and paving roads, accelerating various projects closely related to residents' daily lives.

Furthermore, the county aims to maximize fiscal efficiency by utilizing the reserve funds from special accounts through deposits and trusts, and will pursue performance-oriented fiscal management through strategic budget execution, including transfers, budget adjustments, and supplementary budgets.

In addition, the county will foster an atmosphere of project discovery by awarding performance bonuses to officials who secure national and provincial funds. The county mayor and leadership will also actively visit the National Assembly and government ministries to advocate for the necessity of major projects.

Moon Kyungshin, Director of Planning and Budget, stated, "For the revitalization of the local economy, which is struggling due to the prolonged economic downturn and frozen consumer sentiment, it is crucial for public finances to play a leading role. We will do our utmost to ensure that the valuable resources entrusted by our residents are injected into the local economy at the right time, so that residents can truly feel an improvement in the economy."

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