Muan-gun Prepares Largest Supplementary Budget of 98 Billion Won

Submission to Muan County Council 261st Extraordinary Session, Decision on the 31st

Exterior view of Muan County Office (Photo by Muan County)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Muan County is preparing a supplementary budget proposal worth 98.2 billion KRW, the largest scale ever, and will submit it to the Muan County Council. This supplementary budget is scheduled to be approved on the 31st and includes funds for COVID-19 prevention measures.

Muan County, Jeollanam-do, announced that it will submit the first supplementary budget proposal amounting to 98.17 billion KRW to the 261st Muan County Council extraordinary session starting on the 18th.

Accordingly, Muan County's budget will increase by 18.91% from 519.02 billion KRW to 617.19 billion KRW.

By account, the general account will increase by 97.83 billion KRW to 598.82 billion KRW, and the special account will increase by 338 million KRW to 18.367 billion KRW.

The general account revenue includes an increase of 4.575 billion KRW in non-tax revenue, 47.053 billion KRW in local allocation tax, 200 million KRW in adjustment grants, 29.65 billion KRW in national subsidies, and 16.347 billion KRW in reimbursement income and internal transactions.

The Muan County Council plans to review and approve the 2020 first supplementary budget necessary for revitalizing the local economy and responding to the COVID-19 virus during the 261st extraordinary session, which will be held for 14 days from the 18th to the 31st.

Additionally, during this extraordinary session, the council will review and approve 27 agenda items, including ordinances proposed by council members regarding the operation of regular and extraordinary sessions of the Muan County Council, as well as proposals submitted by the county executive branch.

This content was produced with the assistance of AI translation services.