Ulju-gun Achieves 'Best' in Improvement Area of Financial Analysis Evaluation Results

Selected as Best Local Government, Special Grant of 38 Million Won

Ulsan Ulju-gun was selected as the best local government in the improvement category in the ‘2024 Local Government Financial Analysis’ evaluation conducted by the Ministry of the Interior and Safety, securing a special grant of 38 million KRW as a financial incentive.

Ulju-gun received the 'Best' grade in the improvement category of the 2024 financial analysis evaluation and is taking a commemorative photo. Photo by Ulju-gun

The Local Government Financial Analysis is a representative local finance performance analysis system that comprehensively analyzes and evaluates the financial status and performance of 243 local governments nationwide. It evaluates 14 major financial indicators across three areas: soundness, efficiency, and planning, based on the previous year’s settlement data.

This year, Ulju-gun achieved a ‘Grade B’ rating, rising two levels from the previous year in the overall evaluation, and was recognized for its efforts to improve indicators, leading to its selection as the best local government in the improvement category. Notably, it received the highest grade, ‘Grade A,’ in the efficiency category.

Indicators that were rated higher than the average for similar local government types or improved compared to the previous year include △local tax revenue ratio △non-tax revenue ratio △local tax collection rate △investment, contribution, and transfer payment ratio △self-expense ratio △unused and unreturned funds ratio.

Ulju-gun made efforts to secure tax revenue by systematically managing data to identify omitted tax sources and conducting tailored collection activities. Additionally, regular meetings were held to improve the management of public facilities and increase usage rates, aiming to boost non-tax revenues such as usage fees.

Through financial execution meetings in major departments, the execution rate and the ratio of unused and unreturned funds were significantly improved. Furthermore, funds increased due to factors such as corporate prosperity were deposited into the Integrated Financial Stabilization Fund to prepare for future financial demands, promoting sound finances. These multifaceted efforts received favorable evaluations.

County Governor Lee Soon-geol stated, “We will further expand our own revenues through systematic analysis and improvement efforts and reduce unnecessary expenditures. We will do our best to operate finances soundly and efficiently by allocating and executing budgets necessary for residents in a timely manner.”