Gwangju City Allocates 238.9 Billion Won for Emergency COVID-19 Supplementary Budget

4.2% Increase Compared to Original Budget... Submitted to City Council on the 25th

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 24th that it will allocate 238.9 billion KRW as an emergency supplementary budget for COVID-19 to support citizens who are experiencing severe economic difficulties since the outbreak of COVID-19, and submit it to the city council on the 25th.

This supplementary budget focuses on COVID-19 quarantine and containment as well as livelihood stabilization, with funding consisting of 111 billion KRW from the national government and 127.9 billion KRW from the city government.

The main contents include ▲ Priority livelihood stabilization projects such as emergency living expenses support of 91 billion KRW for households with income below 100% of the median income, and special support of 18 billion KRW for those unemployed or with reduced income due to COVID-19 ▲ Support projects for small business owners and small manufacturing industries including 10 billion KRW in loan support for small business owners affected by COVID-19, 10 billion KRW in employer burden support for employment retention subsidies, and 10 billion KRW for issuing local love gift certificates ▲ Emergency disaster welfare projects such as temporary living support of 37.2 billion KRW for low-income groups, temporary child-rearing support of 31.7 billion KRW, and 3.8 billion KRW in compensation for losses to COVID-19 medical institutions.

▲ Quarantine and COVID-19 containment projects include 2 billion KRW for expanding negative pressure rooms in nationally designated inpatient treatment beds, 1.6 billion KRW for emergency measures against COVID-19 infections, 500 million KRW for equipment support to public health center screening clinics, and 150 million KRW for building an infectious disease specialized hospital.

To review this supplementary budget, the city council will hold a one-point extraordinary session, pass it through the standing committee on the 26th, and finalize it at the budget and accounts committee and plenary session on the 27th. Gwangju City plans to promptly execute the budget as soon as the city council’s approval is obtained.

Kim Jong-hyo, Deputy Mayor for Administration, said, “The local economy and citizens’ daily lives are at a much more serious level than during the 2008 financial crisis,” and added, “We will do our best to overcome this emergency situation early by mobilizing all available local resources and capabilities, including this supplementary budget.”

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