NABO signed a memorandum of understanding (MOU) with the Gwangju Metropolitan Council for cooperation in fiscal affairs at the National Assembly Office Building on Wednesday, December 3.

This agreement was arranged to contribute to business development and enhanced exchanges through cooperation in fiscal analysis between NABO and the Gwangju Metropolitan Council. The ceremony was attended by NABO Chief Chi Dong-ha and Director General of the Planning and Management Department Yoon Sung-min, along with Gwangju Metropolitan Council Chairperson Shin Su-jeong and Secretary General Park Nam-eon.

Going forward, the two institutions plan to cooperate through ▲ advancement of fiscal affairs including budget and settlement analysis and cost estimation, ▲ sharing of fiscal data and information and establishment of a collaborative system, ▲ personnel exchanges and joint academic conferences to strengthen fiscal expertise and promote understanding.

At the signing ceremony, Chief Chi stated, "NABO will actively work to ensure mutual development of both institutions by using this agreement with the Gwangju Metropolitan Council as an opportunity to discuss budget and settlement, cost estimation, and local fiscal issues together, and to explore directions for development." Chairperson Shin remarked, "I expect that today's agreement with NABO will serve as an opportunity to strengthen budget review and fiscal oversight to ensure citizens' finances are spent responsibly, while also becoming a starting point for enhancing fiscal capacity to prepare for the region's future."