Changwon City Allocates 3.2626 Trillion Won Budget for 2021... Focus on Livelihood and Economy

Changwon City Hall Panorama

[Asia Economy Yeongnam Reporting Headquarters Reporter Min Dosik] Changwon City in Gyeongnam has set its budget for next year at 3.2626 trillion won.

Changwon City's 2021 budget proposal is 3.2626 trillion won, an increase of 1.67% from this year's 3.2091 trillion won. The general account is 2.6866 trillion won, and the special account is 576 billion won.

The city explained that although financial conditions are difficult due to a decrease in grants caused by the prolonged economic downturn from the novel coronavirus disease (COVID-19), the budget was prepared with selection and concentration.

The budget mainly focuses on revitalizing the people's economy, such as social welfare, job creation, and regional economic recovery. The social welfare sector was allocated the largest amount at 1.1145 trillion won (41.48%).

The culture and tourism sector follows with 193.5 billion won (7.20%), and the environment sector with 144 billion won (5.36%). By investment type, 60.9 billion won is invested in projects for regional economic recovery and job creation.

Budgets were also allocated for responding to low birth rates and aging population, resolving polarization, fostering future new growth engines, and resident-centered public health care projects.

In line with the Korean New Deal responding to the post-COVID era, Changwon-type New Deal projects in three major areas?digital, new deal, and dormant new deal?will also be promoted.

The budget proposal will be finalized after review and approval at the 2nd regular session of the 100th City Council starting on the 25th.

Mayor Heo Seong-mu of Changwon said, "Although financial conditions are difficult, we efficiently prepared the budget focusing on securing continuous urban growth engines, regional economic recovery, and projects to enhance citizens' tangible vitality."

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