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[ANALYSIS] Gyeonggi Province faces sustainability test as spending cuts meet resistance

Gyeonggi Gov. Choo Mi-ae speaks about the province’s financial situation during a press conference at the provincial government headquarters in Suwon, Gyeonggi Province, Aug. 5. Newsis Gyeonggi Province’s fiscal emergency is exposing a growing dilemma for local governments nationwide: how to meet rising spending obligations with volatile revenues when attempts to cut funding face strong…

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