Jung-gu Council Adjourns 257th Extraordinary Session... Approves 33.4 Billion KRW Supplementary Budget to Support Small Businesses Affected by COVID-19

Approval of 33.4 Billion KRW for Emergency Support and Key Projects for Small Business Owners Affected by COVID-19

[Asia Economy Reporter Jongil Park] The Jung-gu Council (Chairman Jo Young-hoon) closed the 257th extraordinary session on the 20th after the 2nd plenary session.

This extraordinary session was convened to handle the budget for urgent support for small business owners affected by the prolonged COVID-19 pandemic and major district projects.

After deliberation and adjustment by the Budget and Accounts Special Committee (Chairperson Assemblywoman Lee Hye-young, Vice Chairperson Assemblyman Yoon Pan-oh) on the 18th and 19th, the 2nd supplementary budget proposal was reduced by KRW 5,574.2 million in the general account from the submitted KRW 38,660 million, with an increase of KRW 352.49 million in the general account.

The net amount of KRW 5,221.71 million, after deducting the increase from the reduction, was fully allocated to the contingency fund.

The reduced projects include ▲ support for the operation of Jung-gu Facilities Management Corporation ▲ preparation for the establishment of Jung-gu Welfare Service Foundation ▲ support and management for the Jung-gu Cultural Foundation ▲ resident autonomy projects, among others.

The increased projects include ▲ provision of civil administrative services ▲ operation of Chungmu Startup Cube at the Youth Startup Center ▲ improvement of village yards and rest area environments.

Budget Committee Chairperson Lee Hye-young stated in the review report, “Budgets for the conversion to the Economic Development Corporation, establishment of the Resident Welfare Service Foundation, and resident autonomy projects were cut due to the postponement of ordinance review, as ordinance enactment is a prerequisite. There were opinions to allocate budgets for disaster and convenience facility repairs in a timely manner and to strive to secure city funds. Also, where task duplication occurs, there were suggestions for budget unification and entrusting management to the corporation. Additionally, there was a request for active communication with council members regarding the purpose and progress of major projects.”

Chairman Jo Young-hoon closed the extraordinary session, saying, “Since the taxes used are those of the residents in an unprecedented national crisis, I urge careful consideration to ensure rational and efficient execution.”

All 20 agenda items submitted at the 2nd plenary session of the 257th extraordinary session were approved, including the 2020 2nd supplementary budget, ▲ consent for private consignment of the operation office of the Jung-gu Small Business Support Center ▲ 2020 occasional district-owned property management plan ▲ partial amendment of the Jung-gu fee collection ordinance, among others.

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