Gyeonggi Province Mayors and Governors Association Proposes Reduction in Local Subsidy Review Scope

The Gyeonggi Province Mayors and Governors Association held its sixth regular meeting of the sixth elected term on the 9th at Gwangmyeong Cave in Gahak-dong, Gwangmyeong, and discussed 10 agenda items including a proposal to amend the Local Finance Act.

The 22 mayors and governors attending the meeting decided to submit to the National Association of Mayors, Governors, and District Chiefs a proposed amendment to the Local Finance Act that would essentially exclude local subsidies included in supplementary budgets from the review scope of the Local Subsidy Review Committee.

The current Local Finance Act requires local governments to undergo Local Subsidy Review Committee review when compiling all local subsidy budgets.

The Gyeonggi Province Mayors and Governors Association is a consultative body for promoting efficient administration among municipal governments, and includes mayors and governors from 31 regions throughout the province.