Jinju-si, Proactive Preparation of the 1st Supplementary Budget

Budget Increased by 62.8 Billion Won to 1.6572 Trillion Won Compared to Initial Plan
Focused on COVID-19, Avian Influenza Response, and Local Issue Projects

Jinju City Hall Exterior (Photo by Jinju City)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam Province, announced on the 8th that it has prepared and submitted to the city council the first supplementary budget for 2021 amounting to 1.6572 trillion KRW, which is an increase of 62.8 billion KRW from the original budget.

The first supplementary budget is funded by transfer revenues such as national and provincial subsidies and part of the fiscal stabilization fund, increasing the general account by 62.5 billion KRW to 1.3269 trillion KRW, and the special account by 300 million KRW to 330.3 billion KRW.

This supplementary budget adjusts the detailed team-level project budgets following the 2021 organizational restructuring and reflects the special grants and special adjustment grants allocated at the end of 2020.

In particular, a tailored supplementary budget was proactively prepared two months earlier than originally planned to prevent further spread of avian influenza (AI) and to operate vaccination centers in preparation for nationwide COVID-19 vaccination.

Looking at the main expenditure budget items, 1.6 billion KRW was allocated to four special grant projects including the installation of public restrooms at Gajwa Park, and 660 million KRW was allocated to five special adjustment grant projects including the Jinju-Sacheon metropolitan bicycle road construction project.

To respond to COVID-19, 200 million KRW was allocated for mask distribution to low-income groups, 780 million KRW for living support expenses for those in self-quarantine, 340 million KRW for emergency employment stabilization subsidies for regular taxi drivers, 140 million KRW for operating COVID-19 vaccination centers, and 1.8 billion KRW was additionally allocated to the Jinju-type job project to promote employment stability.

For avian influenza response, 850 million KRW was allocated for culling compensation, and 300 million KRW was added for control post operations and disinfection cost support to strengthen quarantine activities and prevent further spread.

Additionally, to promote regional development and expand infrastructure, 7.5 billion KRW was allocated for compensation related to the construction of a multipurpose child welfare center, 2.5 billion KRW for environmental improvement around Mangyeong Elementary School, 1.8 billion KRW for the Geumsan Bridge connecting lane improvement project, and 1.4 billion KRW for the expansion and paving of the connecting road between Buheung Bridge and Jangheung Bridge.

Furthermore, 2 billion KRW was newly allocated for the remodeling project to create a small library and a small caf? performance hall, part of the Jinyangho Neighborhood Park development project, which has passed the Ministry of the Interior and Safety’s local finance investment review and is highly anticipated.

Along with this, Jinju City increased the disaster management fund transfer by 3 billion KRW and the contingency fund by 35.8 billion KRW to support the government’s expansionary fiscal policy and additional COVID-19 response.

Mayor Cho Gyu-il stated, “It is quite difficult to predict the future at a time when the COVID-19 situation is constantly changing. However, to avoid being a case of ‘too little, too late,’ we proactively prepared the supplementary budget to more actively and dynamically protect citizens’ safety and revitalize the local economy.”

Meanwhile, the first supplementary budget for 2021 submitted by the city is scheduled to be reviewed and approved at the 226th Jinju City Council extraordinary session held from the 17th to the 23rd, and will be finalized thereafter.

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