Yeongam-gun, 1st Supplementary Budget of 581.7 Billion Won Formulated

Focus on COVID-19 Infectious Disease, Revitalizing Local Economy, and Job Creation

Yeongam-gun Office Building Exterior (Photo by Yeongam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Yeongam-gun, Jeollanam-do announced on the 16th that it has prepared and submitted the 1st supplementary budget for revenue and expenditure amounting to 581.7 billion KRW to the council.

This budget is an increase of 52.2 billion KRW (10.48%) compared to the original budget of 526.5 billion KRW, with an emergency allocation for COVID-19 infectious disease prevention projects.

Despite adverse conditions such as last year's local economic recession and industrial and employment crises, the county expanded its local finances to a record high of 627.4 billion KRW and was selected as an excellent institution nationwide in the 'Local Finance Execution Evaluation' conducted by the Ministry of the Interior and Safety, securing a special grant of 200 million KRW.

By account type, the general account increased by 56.5 billion KRW (12.15%) from the original 465.1 billion KRW to 521.7 billion KRW; other special accounts increased by 800 million KRW (0.18%) from 8.8 billion KRW to 9.6 billion KRW; and the public enterprise special account decreased by 2.1 billion KRW (4.12%) from the original budget of 52.5 billion KRW to 50.4 billion KRW.

By function, the budget was allocated as follows: social welfare and health sector 137.8 billion KRW (23.69%), agriculture, forestry, marine, and fisheries sector 136.4 billion KRW (23.46%), transportation, logistics, and national land regional development sector 79.2 billion KRW (13.61%), and environmental protection sector 74.3 billion KRW (12.78%).

This supplementary budget urgently allocated 10.1 billion KRW for COVID-19 emergency support and prevention projects, including 4 billion KRW for emergency living expenses for vulnerable groups, 1.4 billion KRW for temporary living support for low-income households, 1 billion KRW for temporary child-rearing support, 780 million KRW for emergency support for small business public utility fees and taxi workers, and 300 million KRW for freelancer support.

Additionally, 2.6 billion KRW was allocated for job creation projects such as youth-led local job initiatives, 4.5 billion KRW for urban planning road construction, 1 billion KRW for water supply pipeline installation in expanded drainage areas, and 700 million KRW for energy safety management.

Small-scale resident convenience projects, village road and farm road paving projects were boldly reduced and replaced with COVID-19 response projects, focusing on revitalizing the local economy and creating jobs.

A Yeongam-gun official stated, "This supplementary budget focuses on stable financial management to ensure fiscal soundness and efficiency by reflecting the county's burden for national and provincial projects, COVID-19 infectious disease prevention projects, and local issues closely related to residents' lives."

Meanwhile, the Yeongam-gun Council will hold the 273rd extraordinary session from the 17th to the 23rd to review and approve the supplementary budget and ordinances.

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