Gyeongnam Provincial Council Budget Proposal Increased by 1.1462 Trillion Won Compared to Previous Year

Review Focused on Jobs and Local Economy Impacted by COVID-19 Aftermath

The Special Committee on Budget and Accounts is conducting a comprehensive review of the "2021 Gyeongsangnam-do Budget Proposal and Fund Operation Plan." (Photo by Gyeongnam Provincial Council)

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] The Budget and Accounts Special Committee of the Gyeongnam Provincial Council conducted a comprehensive review of the "2021 Gyeongsangnam-do Budget and Fund Operation Plan" from the 9th to the 11th and approved the revised proposal.

The scale of the 2021 provincial budget was set at a total of 10.6209 trillion KRW, an increase of 1.1462 trillion KRW compared to the previous year.

Accordingly, the revenue budget was reduced by 500 million KRW due to resource changes and non-allocation of national funds for three projects, including the installation of biological resource conservation facilities.

The expenditure budget increased by 1.913 billion KRW for two projects, including support for case management of households with disabilities, and decreased by 4.913 billion KRW for 15 projects, including the Social Innovation Expo, resulting in a total reduction of 3.052 billion KRW. Additionally, 58 subsidiary opinions were adopted.

The 2021 Gyeongsangnam-do budget, after this comprehensive review by the Budget and Accounts Committee, will be finally approved at the 6th plenary session of the 381st regular meeting on the 15th.

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