Jung-gu Council Opens 258th Regular Session... Reviews 18.4 Billion Won 3rd Supplementary Budget Proposal

[Asia Economy Reporter Jongil Park] The Jung-gu Council of Seoul (Chairman Jo Young-hoon) opened the 258th regular session on the 12th.

This session is planned to last for a total of 22 days and will include an administrative audit, approval of the 2019 fiscal year settlement, review of the 3rd supplementary budget for 2020, and district administration questions.

At the 1st plenary session held on the 12th, matters such as the proposal explanation for the submission of the 3rd supplementary budget totaling 18.4 billion KRW, the 2019 fiscal year settlement inspection report, and the appointment of members to the Budget and Accounts Committee were handled.

This 3rd supplementary budget was composed of returned balances from national and city subsidies and project budgets for district administration promotion.

Lee Hwa-mook, the responsible inspector for the 2019 fiscal year settlement, stated in the inspection report, "Please ensure accurate estimation of project-specific required budgets and improve habitual budget preparation practices to minimize recurring unused funds and unspent balances every year."

Additionally, Park Young-han was appointed as the chairman of the Budget and Accounts Special Committee, and Lee Seung-yong was appointed as the vice chairman.

Budget and Accounts Committee Chairman Park Young-han said, "I thank my fellow council members for entrusting me with the important task of comprehensively reviewing the 2019 fiscal year settlement and the 3rd supplementary budget for 2020, and I will do my best to produce reasonable results."

Meanwhile, Chairman Jo Young-hoon, opening the last regular session of the first half, reflected, "Looking back on the first half of the council, we have made our best efforts as representatives of the people's will, but I believe there may have been some areas where we fell short of the expectations of the district residents. However, I once again promise that the Jung-gu Council will continue to devote itself wholeheartedly to the happiness of the district residents."

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