Busan is good

Busan Named “Top Performing Institution” in Q1 Fiscal Execution Evaluation City Leads Local Economic Vitalization through Bold Spending

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□ The Busan Metropolitan City (Mayor Park Heong-joon) announced that it has been named a “Top Performing Institution” in the Ministry of the Interior and Safety’s “2025 Q1 Fiscal Execution Evaluation,” securing KRW 320 million in special grants for outstanding performance.

○ This achievement reflects the city's strong fiscal execution strategy aimed at stabilizing local livelihoods and revitalizing the economy amid growing domestic and international uncertainty.

<Overview: Ministry of the Interior and Safety’s Q1 Fiscal Execution Evaluation>

• ●Target: 243 local governments nationwide (classified into five groups: metropolitan cities, provinces, city-level, counties, districts)

• ●Evaluation Criteria: Achievement vs. target, city-district collaboration, and additional merit factors

• ●Incentives: Total of KRW 9.52 billion in special grants awarded

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□ With this recognition, Busan has once again been named a “Top Performing Institution,” following similar honors in Q1 and H1 of 2024.

○ Among local districts, Buk-gu was recognized as the top performer, while 13 other districts including Busanjin-gu, Dongnae-gu, and Saha-gu were designated as “Excellent,” collectively securing KRW 620 million in additional special grants.
*13 Districts: Busanjin-gu, Dongnae-gu, Saha-gu, Geumjeong-gu, Jung-gu, Yeonje-gu, Seo-gu, Dong-gu, Nam-gu, Sasang-gu, Gangseo-gu, Yeongdo-gu, Suyeong-gu

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□ In the first quarter, Busan executed KRW 6.3465 trillion — achieving a 41.8% execution rate, 6.8 percentage points higher than the national target of 35.0%.

○ The city focused on projects exceeding KRW 1 billion to ensure economic impact could be directly felt by citizens, closely managing progress and disbursements for large-scale investments.

<Busan City’s Q1 Fiscal Execution Results>

• ●Rapid Execution: 41.8% (KRW 6.3465 trillion) — 119.3% of the national target

• ●Consumer & Investment Spending: KRW 1.2198 trillion — 113.3% of target

• ●Special Grants Secured:

• ○City Government (Top Performer): KRW 320 million

• ○Buk-gu (Top Performer): KRW 100 million

• ○13 Districts (Excellent): KRW 40 million each

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□ Mayor Park Heong-joon stated,
“We mobilized the full speed and precision of the administration under the belief that proactive fiscal spending is key to reviving the local economy.
Going forward, we will continue to invest boldly where needed to achieve an economic recovery that citizens can truly feel.”