Gyeongbuk Province, 24.5% Increase in National Budget for Environmental and Forestry Sector Next Year 'Passed Standing Committee'
National Budget Increased by 135.1 Billion KRW from Last Year, Securing 685.7 Billion KRW
On September 26, Lee Cheol-woo, Governor of Gyeongbuk Province, is seen explaining the recovery status to Lee Nak-yeon, leader of the Democratic Party, who visited the typhoon damage site in Ganggu-myeon, Yeongdeok-gun.
[Image source=Yonhap News]
[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Gyeongsangbuk-do announced on the 22nd that the national budget for the environment and forestry sector for next year, amounting to 685.7 billion KRW, has passed the National Assembly standing committee. This is an increase of 24.5% (135.1 billion KRW) compared to this year's 550.6 billion KRW.
Next year's projects related to the Green New Deal to address fine dust issues and climate change include ▲Electric vehicle distribution project 51.3 billion KRW ▲Smart water network management infrastructure construction project 56.9 billion KRW ▲Emission reduction project for diesel vehicles in operation 22.0 billion KRW.
Additionally, to foster forest resources and establish a foundation for forest disaster protection, projects include ▲Forest tending project 23.3 billion KRW ▲Forest disaster prevention such as forest fires 11.2 billion KRW ▲Forest pest control such as pine wilt disease 13.6 billion KRW.
Gyeongbuk Province plans to establish an organic cooperation system with city and county officials, local members of the National Assembly, and expatriates for 19 newly increased projects (23.2 billion KRW) in the standing committee to secure as much national budget as possible.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Choi Dae-jin, Director of the Environment and Forestry Resources Bureau of Gyeongbuk Province, emphasized, "This is the result of efforts to secure the national budget by frequently visiting the Ministry of Strategy and Finance, Ministry of Environment, and Korea Forest Service from the beginning of the year to explain the feasibility and necessity of the projects," adding, "We will do our best to ensure that the efforts made throughout the year bear fruit in the final National Assembly Budget Committee review."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.