Jeonnam Provincial Council Opens Extraordinary Session to Overcome COVID-19

Processing Supplementary Budget for Economic Vitality: Expanding Employment and Social Safety Nets, Revitalizing Domestic Demand and Exports

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] The Jeonnam Provincial Council announced on the 28th that it will hold the 345th extraordinary session for one day on the 29th to urgently process the third supplementary budget bill for 2020 submitted by Jeonnam Province to overcome the economic crisis caused by COVID-19.

The scale of the supplementary budget bill to be reviewed at this extraordinary session is 9.4893 trillion won, an increase of 345.1 billion won compared to the second supplementary budget.

Projects supported by the central government following the confirmation of the government supplementary budget on the 3rd and projects aimed at early overcoming of COVID-19 have been included.

The major projects are broadly divided into four areas: 277.6 billion won for employment and social safety net expansion, 36.9 billion won for the Korean New Deal sector, 18.6 billion won for domestic demand and export revitalization, and 10.5 billion won for fostering the K-quarantine industry.

The Provincial Council will open the plenary session at 10:30 a.m. on the 29th to hear the proposal explanation of the supplementary budget bill from the Governor of Jeollanam-do, conduct budget reviews by standing committees and the Budget and Accounts Special Committee, and then reconvene the plenary session in the afternoon to finalize the supplementary budget bill.

Chairman Kim Hanjong stated at the opening ceremony, "I hope this supplementary budget will revitalize Jeonnam's economy in connection with the government's Korean New Deal and lead the post-COVID-19 era," and appealed to the residents, saying, "Although everyone is suffering and struggling due to COVID-19, if we become each other's safety net with mature civic awareness, we will surely overcome COVID-19."

Meanwhile, the Provincial Council is expected to promptly review and approve the supplementary budget bill to revitalize the stagnant local economy.

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