Gyeongnam Province Allocates 319.2 Billion KRW Supplementary Budget to Strengthen Safety... First 4th Supplementary Budget Since Council Revival

Governor Kim Kyung-soo is explaining the proposal for the 4th supplementary budget at the 381st regular session of the Provincial Council held on the 18th.

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] Gyeongsangnam-do has prepared the 4th supplementary budget and submitted it to the provincial council.

The final budget size of Gyeongnam Province is 11.3761 trillion KRW, increased by 319.2 billion KRW.

The province announced on the 18th that this 4th supplementary budget is a settlement supplementary budget to complete the projects planned for this year and to reflect the national funds according to the government supplementary budget.

It includes 91.6 billion KRW for typhoon and heavy rain disaster recovery costs, 365.5 billion KRW in national funds, and 10.5 billion KRW in non-tax revenue. Expenses for events canceled due to COVID-19 were reorganized into strengthening citizen safety and provincial government current affairs projects.

Specifically, 91.7 billion KRW was allocated to support vulnerable groups and recover the livelihood economy.

This includes 33.4 billion KRW for child care, 24.5 billion KRW for crisis households, and 5 billion KRW for local job projects overcoming COVID-19. It also includes 24.9 billion KRW for supporting the issuance of local love gift certificates and 150 million KRW for supporting the Korea Sale Festa event.

A total of 15.9 billion KRW was reflected in the budget to respond to infectious diseases and strengthen citizen safety.

This includes 3.4 billion KRW for establishing respiratory specialty clinics, 2.2 billion KRW for building regional infectious disease specialized hospitals, 1.46 billion KRW for establishing permanent screening clinics at public health centers, and 1.2 billion KRW for supporting medical personnel responding to COVID-19.

The budget for education and talent development was set at 15.4 billion KRW. This includes 12.8 billion KRW for the local innovation project based on local government-university cooperation and 2.7 billion KRW for expanding support for nurturing artistic talents.

Also included are 600 million KRW for youth job projects providing field work experience and employment/startup consulting for unemployed youth, and 200 million KRW for the Gyeongnam startup youth recruitment linkage project.

A budget of 29.6 billion KRW was also reflected for fostering new industries and spreading renewable energy. This includes 24.1 billion KRW for electric vehicle purchase support, 2.5 billion KRW for a carbon neutrality program installing solar power facilities on idle land of environmental infrastructure, and 2.4 billion KRW for vehicle emission reduction projects.

Governor Kim Kyung-soo emphasized in his proposal explanation, "The four supplementary budgets in one year show how important the role of finance is in social crisis situations."

He continued, "The 4th supplementary budget is a budget to actively respond to COVID-19 while smoothly promoting major provincial government tasks," and requested approval of the original plan, saying, "Event expenses have been reduced and more focus has been placed on citizen safety and core provincial government projects."

The 4th supplementary budget bill of the province is expected to be finalized at the plenary session on the 25th after review by the provincial council's standing committee and special budget committee.

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