Gyeongnam Province's Budget Exceeds 10 Trillion Won for the First Time ... 895.8 Billion Won Increase in National Subsidies Allocated

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Gyeongsangnam-do announced on the 20th that it has submitted the second supplementary budget proposal worth 895.5 billion KRW to the provincial council to respond to the post-COVID-19 crisis.

This supplementary budget proposal was prepared with a focus on urgent livelihood and economic measures such as creating public jobs to stabilize the lives of the unemployed, following the first supplementary budget in April which included support measures for small business owners affected by the novel coronavirus infection (COVID-19).

To concentrate on promoting public job projects within limited resources, a 10% reduction in routine expenses by department was implemented, and projects deemed difficult to proceed due to COVID-19 were also cut, actively restructuring expenditures.

To help residents struggling due to COVID-19, all funds for self-funded projects reflected in this supplementary budget will be covered by expenditure restructuring. This was agreed upon in advance through consultations with the civil servants' union, including the 10% reduction in routine expenses, with participation from all departments.

In particular, this budget proposal includes 796.6 billion KRW for emergency disaster relief funds to provide up to 1 million KRW per household to all citizens, and 69.6 billion KRW for temporary living support for low-income groups, reflecting urgent national funds totaling 895.8 billion KRW to respond to COVID-19, serving as a catalyst for economic recovery.

As a result, the total budget scale of Gyeongnam Province has surpassed 10 trillion KRW for the first time, reaching 10.8718 trillion KRW.

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