Busan Gijang-gun to Promote 'Disaster Basic Income'... 100,000 Won Per Person for All Residents

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Busan's Gijang-gun is promoting the 'Gijang-type Disaster Basic Income' to overcome the local economic difficulties caused by the novel coronavirus infection (COVID-19).

The county announced on the 24th that it will provide about 16.7 billion KRW, 100,000 KRW per person, to all residents except the family of the Gijang-gun governor.

Including the county's budget burden of about 2.1 billion KRW for COVID-19 livelihood support policies promoted by the government or city, a total of about 18.7 billion KRW will be supported to the residents.

To maximize the policy effect of the disaster basic income for economic recovery, Gijang-gun plans to mobilize all administrative power aiming to distribute the funds by the end of this month or early April. The scale of the support budget of about 18.7 billion KRW is expected to be the highest level among local governments nationwide.

Disaster basic income is income provided by the state or local governments to citizens or residents to revitalize the economy in national or regional disaster situations. Basic income is paid regardless of property, income, employment status, or willingness to work.

As of the end of February, the population of Gijang-gun was 166,321, but the number of beneficiaries is expected to increase based on the implementation date. At least 16.7 billion KRW in funds is required, and Gijang-gun plans to secure the Gijang-type disaster basic income funds as a top priority by significantly reducing various events and incidental expenses.

Separately, about 2 billion KRW will be provided as the county's 20% budget burden for the small business support project promoted by Busan City, and about 100 million KRW corresponding to the county's 10% budget burden for the emergency welfare support (support for households below 75% of median income) promoted by the government will also be supported.

Gijang-gun has urgently formed the 'Gijang-type Disaster Basic Income TF Team,' with the county governor as the head and the deputy governor as the deputy head, and is proceeding with follow-up procedures such as enacting ordinances and preparing an emergency supplementary budget to support the Gijang-type disaster basic income.

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