Suwon Achieves 130% of Q1 Budget Execution Target, Ranking 1st Nationally

[Suwon Ilbo=Reporter Jeong Jun-seong] Suwon City announced on the 7th that it achieved the top ranking nationally in the "2022 Q1 Local Finance Rapid Execution Performance Evaluation" administered by the Ministry of the Interior and Safety, executing 30% more than the initial target.

The city executed 226.1 billion won, 129.8% of its Q1 rapid execution target of 174.2 billion won, recording the highest execution rate among 157 cities and counties nationwide (*69 autonomous districts are evaluated separately). This represents a 6%p increase from Q1 of last year (123.8%).

The city established a "Rapid Execution Promotion Task Force" led by Cho Chung-sik, Acting Mayor of Suwon, in February, continuously monitoring implementation progress by department and project. It has also established cooperation systems to improve performance and held self-inspection meetings by department to achieve targets.

Particularly in Q1, the city intensively inspected and managed budgets in consumption and investment sectors that directly affect local economic growth rates.

Of the 445.8 billion won consumption sector budget, the city executed 137.9 billion won (30.9%) in Q1, including personnel expenses of 72.9 billion won and material expenses of 65 billion won. For the investment sector (526.7 billion won budget), 88.2 billion won (16.7%) was executed.

Meanwhile, the Ministry of the Interior and Safety sets local finance rapid execution targets annually and evaluates all 243 local governments nationwide in the first and second halves of the year. Suwon City received commendations for "Excellent Rapid Execution Agency" in 2020 and the first half of 2021. Through the selection as an excellent agency, Suwon received 80 million won in special transfer tax in 2020 and 55 million won in 2021.