Hamyang County to Rapidly Execute 216 Billion Won in First Half ... Prioritizing Livelihood Economic Recovery
Hamyang County in South Gyeongsang Province is focusing its administrative resources on the “rapid execution for the first half of 2025” in order to revitalize the local economy, which has been dampened by political instability and a slowdown in economic recovery.
Accordingly, on February 12, the county held a rapid execution inspection meeting presided over by Vice Governor Baek Samjong, where they reviewed the progress of rapid execution by department and discussed budget execution measures to restore the livelihood economy.
Hamyang County is conducting a rapid execution inspection meeting for the first half of 2025.
View original imageThe county has set its rapid execution target for the first half of 2025 at 216 billion won, and has devised measures to shorten the budget expenditure period, such as expanding advance payments and reducing the time required for contract reviews.
In addition, the county plans to intensively manage large-scale investment projects with low execution rates in order to maximize the execution rate in the first half of the year.
Vice Governor Baek emphasized, “The more difficult the local economy becomes, the more important the fiscal execution role of local governments is,” and urged, “Let us do our utmost to swiftly implement policy and investment projects directly related to residents’ daily lives, and to rapidly execute livelihood budgets so that the local economy can regain its vitality.”
To ensure rapid execution, Hamyang County has organized a rapid execution task force led by the vice governor. Through regular and ad-hoc inspection meetings, the county will focus all efforts on seamless budget execution by regularly managing large-scale investment projects of 1 billion won or more and identifying reasons for delays in each project.
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