Kim Jeong-o, Chairman of Jeonnam City and County Council Chairpersons Association, Attends the 229th City and Province Representatives Meeting

[Asia Economy Honam Reporting Headquarters Reporter Kim Yuk-bong] Kim Jeong-o, Chairman of the Jeonnam City and County Council Chairpersons Association (Chairman of Damyang County Council), proposed a resolution urging fiscal decentralization.

Chairman Kim announced on the 18th that he attended the ‘229th Provincial Representatives Meeting of the National City, County, and Autonomous District Council Chairpersons Association’ held in Busan on the 17th and officially proposed the fiscal decentralization resolution to strengthen national balanced development and local finances.

In explaining the proposal, Chairman Kim said, “The financial burden is increasing due to the annually growing administrative demands and various welfare policies, and this year, local finances are deteriorating more than ever due to COVID-19, heavy rains, and typhoon damage. In particular, if the temporary preservation of transferred projects such as the Balanced National Development Special Account ends from 2023, it will be inevitable to reduce or suspend transferred projects, and autonomous local governments in rural areas including Damyang will suffer the most.”

The ‘Resolution Urging National Balanced Development and Strengthening of Local Finances’ includes a request to delete the temporary preservation regulation for the 3.6 trillion won preservation fund for transferred projects such as the Balanced National Development Special Account, which was transferred to local governments in the first phase of fiscal decentralization, so that these projects can continue without reduction or suspension and be fully preserved.

Additionally, the resolution calls for actively preparing balanced financial measures among regions in the second phase of fiscal decentralization promoted by the government and stipulates that more than 80% of the transferred local financial resources should be net increased to strengthen local finances.

The resolution passed on this day is scheduled to be sent to the Blue House, the National Assembly, and the Ministry of the Interior and Safety.

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