Muan-gun, 26.3 Billion KRW Allocated for the 3rd Supplementary Budget

Budget of 660.7 Billion Won, an Increase of 26.3 Billion Won Compared to the Initial Budget

Exterior view of Muan-gun Office (Photo by Muan-gun)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Muan County, Jeollanam-do (Governor Kim San) announced on the 22nd that it has prepared the 3rd supplementary budget for 2020, with revenue and expenditure totaling 660.7 billion KRW, an increase of 26.3 billion KRW compared to the original budget, to overcome COVID-19.

This supplementary budget is planned to be used for supporting blind spots affected by COVID-19, providing emergency disaster relief funds, recovering the local economy and expanding employment, and addressing local pending projects.

To secure the insufficient available resources for this supplementary budget, the county secured about 11.4 billion KRW by squeezing every resource, including 79 million KRW returned proactively by the Muan County Council members for overseas travel expenses and policy development expenses to fully respond to COVID-19, cost reductions in the public sector, budget adjustments for projects canceled or reduced due to COVID-19, and re-examining the timing of existing projects.

Major projects include the rapid support of emergency disaster relief funds (20.5 billion KRW) according to the government supplementary budget, an additional 300 million KRW for public utility support for small business owners, 300 million KRW for flower farm management expenses (seedling costs), 700 million KRW for regionally tailored job creation, and 100 million KRW for youth policy promotion, focusing on overcoming COVID-19 infection and revitalizing the local economy.

Additionally, 1.1 billion KRW was allocated to the disaster management fund for disaster and accident prevention, 2.9 billion KRW for flood prevention projects in the Ilro (Namchang, Hoesan) sewer maintenance priority management area, 800 million KRW for the "Island You Want to Visit" development project, and 500 million KRW for the onion mechanical planting support project, among various national and provincial government-funded projects and local pending projects to ensure smooth project implementation.

Meanwhile, last month, the county prepared a 17.2 billion KRW one-point supplementary budget for COVID-19 response to strengthen quarantine measures and support vulnerable groups and small business owners facing economic crises.

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