Yongsan-gu Confirms 2021 Budget of 502.5 Billion Won

General Account 470.8 Billion KRW, Special Account 31.7 Billion KRW... 1.53% Decrease from 2020 Budget... Social Welfare 13.9 Billion KRW, Health 2.1 Billion KRW, Contingency Fund 3.9 Billion KRW Increase

[Asia Economy Reporter Jong-il Park] Yongsan-gu (District Mayor Seong Jang-hyun) has finalized the 2021 budget at 502.5 billion KRW (General Account 470.8 billion KRW, Special Account 31.7 billion KRW).

This amount is 1.53% (7.8 billion KRW) less than the 2020 budget of 510.3 billion KRW.

According to the project structure, the budget is divided into ▲Policy Projects 354.7 billion KRW (General Account 346.2 billion KRW) ▲Administrative Operating Expenses 127.7 billion KRW (General Account 123.4 billion KRW) ▲Financial Activities 20.1 billion KRW (General Account 1.2 billion KRW).

In particular, based on the General Account, policy projects are allocated as follows: ▲Social Welfare 211.6 billion KRW ▲Urban Infrastructure Management and Cleaning 62.5 billion KRW ▲General Public Administration 36.5 billion KRW ▲Education, Culture and Tourism 15.0 billion KRW ▲Health 11.5 billion KRW ▲Contingency Fund 9.1 billion KRW.

Compared to the previous year, the social welfare sector increased by 13.9 billion KRW, the health sector by 2.1 billion KRW, and the contingency fund by 3.9 billion KRW. The urban infrastructure management and cleaning, general public administration, and education, culture and tourism sectors decreased by 8.1 billion KRW, 1.7 billion KRW, and 0.1 billion KRW respectively.

A district official stated, “Budgets for enhancing elderly welfare such as basic pensions, national basic livelihood security, and support for the disabled and children/youth are continuously increasing,” adding, “The health sector budget and disaster contingency funds for responding to the novel coronavirus infection (COVID-19) have also been partially expanded.”

Specifically, major budgets in the social welfare sector include ▲Basic pensions, senior job creation and social activity support, youth center operations, etc. for the elderly and youth sectors totaling 77.7 billion KRW ▲Basic livelihood security such as livelihood and housing benefits 43.4 billion KRW ▲Childcare, family and women sectors including infant care fee support, child allowance, home care allowance 67.9 billion KRW ▲Support for vulnerable groups such as disability activity support benefits, disability pension benefits, and operation of comprehensive social welfare centers 17.9 billion KRW.

The urban infrastructure management and environment sector is divided into ▲Waste sector including household waste treatment 28.3 billion KRW ▲Water and sewage, water quality sector including maintenance of aging sewage pipelines 8.6 billion KRW ▲Road sector including maintenance of road facilities 11.9 billion KRW ▲Regional and urban sector including urban regeneration, maintenance of children’s and small parks 7.6 billion KRW.

The general public administration sector is subdivided into ▲General administration including maintenance of district and neighborhood offices, support for community leaders’ activities, and smart city infrastructure construction 33.8 billion KRW ▲Legislative and election management including support for council activities 1.6 billion KRW.

The education, culture and tourism sector executes budgets for ▲Early childhood and primary/secondary education including school education programs and environment improvement support, eco-friendly meals, and innovative education district projects 6.8 billion KRW ▲Culture and arts including museum construction and operation of cultural and arts centers 2.8 billion KRW ▲Sports including operation of cultural and sports centers 4.3 billion KRW.

The health sector includes ▲Health and medical care such as acute infectious disease management, national vaccination implementation, and operation of dementia relief centers 11.1 billion KRW ▲Food and drug safety including operation of children’s meal management support centers 0.4 billion KRW.

The district established the 2021 budget plan in August, proceeded with the preparation of revenue and expenditure budget requests, budget review and adjustment, and the budget proposal review by the district council (261st session, 2nd regular meeting).

Yongsan District Mayor Seong Jang-hyun said, “Due to the forecasted decrease in next year’s own revenue, we reduced unnecessary recurring expenses through selection and concentration,” adding, “We will strengthen infectious disease response and steadily prepare for the post-COVID-19 era.”

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