Guro-gu Allocates 48.2 Billion KRW in Second Supplementary Budget This Year
COVID-19 Response and Local Issue Project Implementation Purpose ... Finalized Through District Council Review on June 5
[Asia Economy Reporter Jong-il Park] Guro-gu (Mayor Lee Seong) is urgently preparing the second supplementary budget for this year, totaling 48.2 billion KRW.
On the 19th, Guro-gu announced that it had prepared the second supplementary budget to support residents struggling due to COVID-19 and stabilize quarantine measures, and submitted it to the district council on the 18th.
Out of the total 48.2 billion KRW, 14 billion KRW was first allocated for COVID-19 response.
The detailed breakdown includes ▲ 8 billion KRW to support residents' livelihood stability due to the prolonged COVID-19 situation ▲ 1.3 billion KRW to support employment stability and job creation for residents ▲ 450 million KRW to support local small businesses ▲ 1 billion KRW for school education support expenses ▲ 150 million KRW for COVID-19 spread prevention projects ▲ 2.9 billion KRW as contingency funds for various disasters including COVID-19.
Additionally, 24.3 billion KRW was allocated for local pending projects such as ▲ road construction around Gosan Elementary School ▲ maintenance of child protection zones and creation of pedestrian-priority roads ▲ expansion of public senior centers for the elderly.
To secure funds for the supplementary budget, Guro-gu raised 6.6 billion KRW through budget savings by reducing expenses on event-related costs difficult to execute due to COVID-19, domestic and overseas travel expenses, and investment projects hard to implement within the year, in addition to national and city subsidies and net surplus funds.
Previously, Guro-gu prepared the first supplementary budget of 21.9 billion KRW in March to respond to COVID-19.
With the second supplementary budget, Guro-gu’s total budget for this year has increased to 937.4 billion KRW. The second supplementary budget will be finalized through review and approval by the district council on June 5.
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A Guro-gu official stated, “We have prepared an urgent supplementary budget to overcome the local community crisis caused by the prolonged COVID-19 situation. We will execute it swiftly to help stabilize residents’ lives and strive to recover the local economy.”
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