The grand prize will be announced next month by referring to the credit ratings of private companies.
Manage the total amount of investment and contribution and improve management efficiency
[게티이미지뱅크 제공]
(Sejong = Yonhap News) Reporter Cha Ji-yeon = The government has decided to select about 10 public institutions with high financial risk from next month and start intensive management, such as discussing the total amount of investment and contribution and improving management efficiency.
In response to concerns about further deterioration in the financial soundness of each institution due to the increase in the size of public institutions’ debt and rising oil prices and interest rates, the government announced an active response policy.
On the 3rd, the Ministry of Strategy and Finance reported to the Public Institution Steering Committee, presided over by the 2nd Vice Minister of the Ministry of Strategy and Finance, a plan to strengthen the financial soundness of public institutions for the implementation of the intensive management system for financial risk institutions.
The government indirectly manages the financial status of 130 public corporations and quasi-governmental institutions through management evaluation, and among them, writes mid- to long-term financial management plans for 40 institutions with assets of 2 trillion won or more, government loss compensation provisions, or capital erosion. been made to do
In addition, it will select about 10 financial risk institutions out of 27 mid- to long-term financial management planning institutions (excluding financial institutions) as financial risk institutions for more intensive management.
[기획재정부 제공]
The government decided to select financial risk institutions within the next month by creating a comprehensive evaluation system that comprehensively considers financial indicators, financial performance, and degree of financial improvement.
Details such as business risk and financial risk-related indicators such as profitability and cash flow for the past 5 years, performance and forecasts, evaluation grades for the past 3 years of economic and budget management performance items, and whether or not the evaluation scores of financial indicators such as debt ratio have improved for 2 consecutive years evaluation criteria.
The government plans to select institutions with scores that do not meet the ‘investment qualification’ criteria as financial risk institutions by setting its own indicators by referring to the credit rating techniques used by private rating agencies to rate corporate credit.
Even if the government’s own indicators determine that it is ‘qualified for investment’, it plans to include institutions with a debt ratio above a certain level as financial risk institutions.
The government plans to intensively manage selected financial risk institutions by requiring them to undergo an internal committee verification involving external experts when drafting a mid- to long-term financial management plan, and by negotiating the total amount of annual investment and the amount of contribution.
In addition, by setting a target interest rate, it supports the improvement of management efficiency by easing the interest cost burden of the institution, such as issuing long-term bonds, diversifying debt portfolios, and adjusting the borrowing period.
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2022/06/03 17:00 Send
