The debt amassed by municipal governments has increased by two trillion won in a year, while the combined debt owed by municipal governments and their public entities have surpassed 100 trillion won.
 
According to data made available on the Web site of the Ministry of The Interior on Monday, the debt owed by municipal governments across the country stood at 49-point-eight trillion won as of the end of last year, up two trillion won from a year earlier.
 
During the same period, public organizations belonging to local governments cut their debts by one-point-four trillion won to 50-point-eight trillion won, but the combined debt for local governments and their public companies amounted to 100-trillion-620-billion won.
 
Incheon had the least healthy fiscal condition among municipal governments with a nine-point-two percent debt-to-asset ratio. The debt-to-asset ratios of Sejong, Gwangju and Daegu also hovered above the average four-point-six percent.