Ulsan Nam-Gu Sets a Goal of 58% Early Budget Execution For the First-Half of The Year In an Attempt to Accelerate Livelihood Recovery
- Continuing its “Excellent” evaluation streak through early budget execution connected with securing dependent financial resources-

Ulsan Nam-gu (Mayor Dong-wook Seo) hosted the “2026？2027 Dependant Financial Resources Countermeasures and Early Budget Execution Briefing” on the 26th for the quick and efficient execution of regional budget for the first half of the year.

This briefing will discuss methods to secure dependent funds such as national and city funds, focusing on strengthening executional power to allow the secured funds to be executed at the right time.

Especially, during the current continuation of uncertain revenue conditions and economic downturn, the preemptive securing of dependent funds and quick input of funds were discussed as priority tasks to vitalize the local economy.

While focusing on expanding dependent funds such as the systemization of strengthening responses to contests from central ministries and national/city fund acquisition activities, Nam-gu is planning to establish a positive-cycle structure of funds by connecting with execution plans for the first half of the year.

Key projects to carry out by securing dependent funds includes the southern wide-area tourism development project, Mugeo-dong old residential area renovation support project, and the Wangsang-ro 40-beon-gil area pedestrian environment improvement project, etc., where continuous efforts will be carried out for the successful execution of daily life-oriented projects and key projects that are connected with the lives of residents.
Additionally, thorough effort will be put in to increase the speed of funds input through prioritizing the management of large-scale investment projects worth KRW 1 billion and over, facilitating the execution of advance and interim payments, and minimizing carryovers and unused funds, etc. to recover and vitalize the local economy.

Nam-gu secured the highest ever KRW 67.5 billion in dependent funds last year and was selected as an “Excellent” institute during the 1st quarter fiscal execution review to secure KRW 40 million in incentives.

A Nam-gu official commented “Although it was not easy to secure funds due to the government’s restrictive fiscal policy, we continuously strived to secure dependent funds so livelihood projects that protect the daily lives of our residents can continue”, and “We will put in effort to achieve our goals for the first half of the year through systematic management of quick execution and be of practical help to the local economy.”