Goheung-gun Holds Mid-Year Rapid Execution Promotion Report Meeting

Rapid Financial Management, Boosting Regional Economic Vitality, etc.

Gohung-gun, Jeollanam-do (Governor Gong Young-min) held a report meeting on the rapid execution promotion plan for the first half of 2024 at Heungyang Hall in the county office on the 16th to recover the livelihood economy and revitalize the local economy.

On this day, the meeting was presided over by Governor Gong Young-min, with senior officials attending. After a comprehensive report on the rapid execution promotion plan for the first half of 2024, each department set its own target rates and checked the progress and execution plans of major projects.

[Photo by Goheung-gun]

In particular, in accordance with the ‘2024 Government Economic Policy Direction’ announced by the Ministry of Economy and Finance on the 4th of last month, an in-depth report was made on the focused inspection and rapid execution promotion plan for 287 facility cost projects worth more than 100 million won per department to respond to the construction recession and activate region-centered construction investment.

Gohung-gun plans to actively utilize the Ministry of the Interior and Safety’s temporary special measures for rapid execution, such as continuous management of project progress rates, simplification of private contract procedures, payment of advance and progress payments, advance purchase of materials, and advance payment of rental fees to improve the execution rate.

Governor Gong Young-min of Gohung-gun said, “Rapid financial management within the first half is essential to overcome the crisis of the stagnant local economy and stabilize people’s livelihoods,” and added, “I hope all departments will make every effort to achieve the target amount or more through public sector financial input in the first half.”

Meanwhile, Gohung-gun set the rapid execution target rate for this year at 60.0%, 5.7% higher than the 54.3% target rate suggested by the Ministry of the Interior and Safety, and decided to execute 384 billion won out of the 546 billion won target amount in the first half.

In addition, the local finance rapid execution promotion team was organized and operated with Vice Governor Jo Dae-jung as the promotion team leader, and plans to focus on managing the progress and execution status of large-scale projects through monthly rapid execution promotion status report meetings.

Gohung = Asia Economy Honam Reporting Headquarters Reporter Shim Jeong-woo hss79@asiae.co.kr