Yongin Urban Corporation posted results well above its target in the government's rapid fiscal execution program for local public enterprises in the first half of this year.
The corporation announced Thursday that it disbursed a total of 70.9 billion won in the first half, surpassing its original target of 57.6 billion won ($38.7 million) by 123 percent.
The rapid fiscal execution program is a key government policy aimed at maximizing budget efficiency by deploying funds in a timely manner while stimulating local investment and consumption to stabilize livelihoods.
The corporation ran a company-wide spending monitoring system to proactively head off potential delays in project execution, achieving both consistency in spending management and faster implementation.
"Active fiscal investment by the public sector is a reliable growth engine that awakens the local economy," said President Shin Gyeong-cheol.
fob140@heraldcorp.com
