Gyeongnam Provincial Council Budget and Accounts Special Committee Approves Gyeongnam Province's 4th Supplementary Budget Proposal

Amendment to Increase by 16.2 Billion Won Passed... Adoption of Opinions from 6 Units

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] The Gyeongsangnam-do Provincial Council announced on the 24th that at the 1st meeting of the 381st Budget and Accounts Special Committee (Chairman Jang Jong-ha), it conducted a comprehensive review of the 2020 Gyeongsangnam-do 4th supplementary budget proposal and approved a revised plan.

The scale of the 2020 Gyeongsangnam-do 4th supplementary budget proposal is a total of 11.3761 trillion KRW, which is an increase of 319.2 billion KRW (2.9%) compared to the original budget, reflecting changes in central government support projects after the 3rd supplementary budget. Due to COVID-19, unspent funds from event cancellations and other execution balances were partially allocated to current projects, with a focus on carefully reviewing the urgency and redundancy of the projects.

On this day, the Budget and Accounts Special Committee members reviewed whether the valuable resources were appropriately allocated to the right places based on the preliminary review results from the relevant standing committees, considering the necessity of the projects and the appropriateness for achieving their objectives. They approved a revised plan to increase a total of 16.24 billion KRW for three projects with changes in national funding after the supplementary budget submission and adopted six supplementary opinions.

Chairman Jang Jong-ha (Haman 1, Democratic Party) stated, “This supplementary budget is a closing supplementary budget for the year. Since everyone is going through a difficult time, I hope the executive branch will promptly execute the allocated budget to support vulnerable groups affected by COVID-19 and do their best to restore the livelihood economy.”

The 4th supplementary budget proposal of Gyeongsangnam-do will be finally approved at the 3rd plenary session of the 381st regular meeting on the 25th.

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