Muan-gun Urgently Injects 17.2 Billion Won to Revive Livelihood Economy

Emergency Living Expenses of 5.4 Billion Won for Vulnerable Groups and 'One-Point' Supplementary Budget Allocation

Muan County is holding a meeting to strengthen COVID-19 quarantine measures and support vulnerable groups and small business owners facing economic difficulties. (Photo by Muan County)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Muan-gun, Jeollanam-do (Governor Kim San) announced on the 1st that it will prepare the "2020 2nd Supplementary Budget for Revenues and Expenditures" to strengthen COVID-19 quarantine measures and support vulnerable groups and small business owners facing economic difficulties.

By promptly executing the national and provincial budgets related to COVID-19, it is expected to serve as a catalyst for stabilizing residents' lives and recovering the local economy.

This supplementary budget is composed of a total of 17.2 billion KRW, including national and provincial government-supported projects such as purchasing COVID-19 quarantine equipment and supplies, stabilizing the lives of vulnerable groups, supporting public utility fees for small business owners, and self-funded projects such as business stabilization funds.

In particular, the business stabilization fund for small business owners, promoted with 5 billion KRW from the county’s own resources, will provide 1 million KRW each to about 5,000 small business owners and self-employed individuals in the area to help overcome management difficulties caused by reduced consumption.

Specifically, 9.4 billion KRW will be invested for child care and vulnerable group support, including 5.4 billion KRW for emergency living expenses, 1.7 billion KRW for special child care projects, 1.7 billion KRW for temporary living support for low-income households, and 300 million KRW for labor costs in senior job projects.

Additionally, to revitalize the local economy depressed by COVID-19, 900 million KRW will be allocated for public utility fees for small business owners, 5 billion KRW for business stabilization funds, and 300 million KRW for export logistics costs of agricultural and marine products, totaling 7.4 billion KRW.

To strengthen COVID-19 quarantine measures, about 400 million KRW will be spent, including 200 million KRW for the purchase of a special ambulance.

Governor Kim San said, "With this supplementary budget, we will actively respond to the urgent disaster caused by COVID-19 and do our best to stabilize the lives of residents by promptly supporting vulnerable groups and small business owners facing economic difficulties."

Meanwhile, Muan-gun had prepared the 1st supplementary budget last month, increasing the 2020 main budget by 98.1 billion KRW to urgently respond to COVID-19 quarantine and revitalize the depressed local economy. However, to swiftly respond to the government and Jeollanam-do’s emergency supplementary budgets for COVID-19 and to urgently protect the livelihoods of vulnerable groups and support the business stabilization of small business owners, the 2nd supplementary budget has been prepared.

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