Sacheon City Achieves Record-High Interest Income from Public Deposits

Record-High Interest Income
Reaches 5.074 Billion Won

The Sacheon city government in South Gyeongsang Province announced on December 11, 2025, that interest income from time deposits among its 2025 general fund public deposits reached a record high of 5.074 billion won.

This figure represents an increase of 963 million won compared to the previous year and marks the largest amount ever recorded. Over the past five years, interest income from time deposits among public deposits has been 1.4 billion won in 2021, 1.7 billion won in 2022, 3.4 billion won in 2023, 4.1 billion won in 2024, and 5 billion won in 2025.

Aerial view of Sacheon City Hall.

Since the launch of the 8th popularly elected administration, the city’s proactive fund management has significantly increased interest income from public deposits, contributing to the growth of non-tax revenue for the city.

In particular, this year, despite unfavorable conditions such as a decrease in local allocation tax due to economic downturn and stagnation, as well as a base interest rate cut by the Bank of Korea, the city set a new record of 5.074 billion won through preemptive and strategic fund management that reflected liquidity needs and interest rate trends.

In addition, if interest income from integrated accounts, other accounts, and the integrated stabilization fund is combined with interest income from general fund time deposits, the city’s public deposit interest income for 2025 is expected to exceed 6 billion won.

Mayor Park Dongsik stated, “We will thoroughly monitor interest rate fluctuations and, through close coordination with the city treasury, strive to minimize the balance of public funds and maximize interest income by timely placing surplus general fund resources into time deposits.”

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