"Revitalizing the Local Economy" ... Changwon Facilities Corporation Actively Promotes Rapid Financial Execution

Changwon Facilities Corporation in Gyeongnam is actively promoting rapid fiscal execution in the first half of the year to revitalize public livelihood and the local economy and to enhance the efficiency of financial management.

Panoramic view of Changwon Sports Park.

Rapid fiscal execution by local public enterprises is a government fiscal policy initiative aimed at advancing the schedule of fiscal spending to actively respond to risks such as economic recession and employment decline.

The corporation plans to invest approximately 4.3 billion KRW, which is 64.0% of the budget for rapid execution projects this year, by the end of June.

To achieve this goal, weekly and monthly execution statuses by department will be checked, with a focus on major projects that have significant execution effects, such as facility expenses and asset acquisition costs.

Acting Director Lee Kyung-gyun stated, “We will devote all efforts to rapid fiscal execution in the first half of the year to contribute to stabilizing citizens' lives and promoting regional economic growth.”