Maximizing Profits Through Strategic Fund Management, Over 2.8 Times Increase Compared to Last Year
Haenam-gun, Jeollanam-do, is expected to generate 13.1 billion KRW in interest income from the 2023 fiscal year settlement results.
According to the county on the 22nd, public funds consist of the general account, special account, and funds, with expected interest income of 5.3 billion KRW from the general and special accounts and 7.8 billion KRW from the funds. This is an increase of 8.5 billion KRW compared to last year's interest income of 4.6 billion KRW, more than 2.8 times higher.
The increase in interest income is analyzed to be the result of strategic fund management that maximized interest income by dividing idle funds into short- and long-term fixed deposits and minimizing early withdrawals, along with the impact of high interest rates.
Haenam-gun has systematically managed funds by establishing plans for public fund operation and management to increase interest income, continuously analyzing monthly fund demand and changes in deposit interest rates, providing fund management education to those in charge of special accounts and funds, and strengthening collaboration with budget and expenditure departments.
A county official stated, “Public deposits created with the precious taxes of the people are being managed with thorough treasury control and proactive fund operation to further increase interest income,” adding, “We will do our best to ensure that the secured independent financial resources are used effectively for the welfare improvement of the residents.”
Meanwhile, on July 3rd last year, Haenam-gun enacted the Haenam-gun Public Fund Operation and Management Ordinance to enhance transparency. The ordinance aims to improve the public nature, stability, and profitability of public fund operation by publicly disclosing the public fund operation performance twice a year on the county website and reporting the operation performance to the county council, stipulating necessary matters for the efficient operation and management of public funds.
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