Jeonnam Provincial Council Approves Jeonnam Province's 3rd Supplementary Budget... Strengthening Employment and Social Safety Nets
Timely Support and Rapid Deliberation for Residents: Revitalizing the Local Economy and COVID-19 Prevention
[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] On the 29th, the Jeonnam Provincial Council announced on the 30th that it reviewed and approved the original draft of the 3rd supplementary budget for 2020 amounting to 345.1 billion KRW submitted by Jeonnam Province at the 345th extraordinary session.
The scale of the 3rd supplementary budget submitted by Jeonnam Province is 9.4893 trillion KRW, an increase of 345.1 billion KRW from the original budget of 9.1442 trillion KRW. This corresponds to the government's 3rd supplementary budget confirmed to overcome the ongoing economic crisis caused by the prolonged COVID-19 pandemic and to lead the post-COVID-19 era.
At the Budget and Accounts Special Committee on that day, employment support projects were reviewed, including the 'Hope Work Support Project' with 42 billion KRW to provide 10,000 temporary public jobs for residents facing livelihood difficulties due to the employment shock caused by the COVID-19 impact becoming a reality.
In addition, to respond to the spread of COVID-19, major projects such as the establishment of health center screening clinics, emergency welfare support of 6.8 billion KRW, and support for issuing local love gift certificates worth 16.7 billion KRW to revitalize the local economy were thoroughly examined in terms of their direction and procedures, with in-depth review from the residents' perspective.
Chairman Lee Hyukje said, "As the social and economic crisis continues due to the prolonged COVID-19 pandemic, we carefully reviewed projects aimed at recovering the local economy and preparing for the post-COVID-19 era," and added, "Jeonnam Province should simplify administrative procedures and strive for prompt execution so that this supplementary budget can be quickly supported to the residents."
Hot Picks Today
After Topping 8,000 Instead of Hitting 10,000... KOSPI Plunges—When Will It Rebound?
- "Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- [Breaking] Court Rules Against Samsung Electronics Union...1 Billion Won per Day Penalty for Exceeding Strike Scope
- Six Economic Organizations Urge Withdrawal of Samsung Electronics Strike Plan...Warn of National Loss of Opportunity
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
Meanwhile, the supplementary budget, after review, was finally confirmed by the resolution of the 345th plenary session held on the same day.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.