Jeongeup-si, 2021 Budget Plan Set at 911 Billion Won

[Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeongeup City, Jeonbuk Province announced on the 20th that the 2021 main budget was organized at 911 billion KRW, a 3% decrease from the 2020 main budget of 939.6 billion KRW (general account 847.9 billion KRW, special account 63.1 billion KRW), and submitted the budget proposal to the Jeongeup City Council.

The 2021 main budget of Jeongeup City was organized at 911 billion KRW, a 3% decrease from the 2020 main budget of 939.6 billion KRW (general account 847.9 billion KRW, special account 63.1 billion KRW).

The main revenue sources of the general account include local taxes and non-tax revenues of 83.9 billion KRW, local allocation tax of 387.3 billion KRW, adjustment grants of 20.1 billion KRW, national and provincial subsidies of 334.6 billion KRW, and internal transactions such as compensation income of 22 billion KRW. Among these, the general account's autonomous revenue amounts to approximately 491.3 billion KRW.

The expenditure budget focused on early overcoming of livelihood stabilization and revitalization of the local economy for citizens experiencing difficulties such as employment instability due to the prolonged COVID-19 pandemic.

Additionally, the budget concentrated on protecting vulnerable groups, job projects, disaster response system preparedness, and current projects that can drive future growth engines.

By sector, the budget includes ▲general public administration 32.9 billion KRW ▲public order and safety 4.3 billion KRW ▲education 8 billion KRW ▲culture and tourism 51.6 billion KRW ▲environment 42.7 billion KRW ▲social welfare 254.7 billion KRW ▲health 11.7 billion KRW ▲agriculture, forestry, marine, and fisheries 169.9 billion KRW ▲industry and small and medium enterprises 12.8 billion KRW ▲transportation and logistics 43.9 billion KRW ▲national land and regional development 61.9 billion KRW ▲science and technology 3.8 billion KRW ▲contingency funds 32 billion KRW ▲administrative operating expenses and others 117.7 billion KRW, with 63.1 billion KRW allocated to seven special account sectors.

A city official stated, “The 2021 budget proposal submitted this time is planned to be approved and finalized at the plenary session on the 15th of next month. Once the budget is confirmed, we will promptly execute the scattered current projects.”

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