Goryeong-gun Allocates 14.9 Billion Won for '1st Supplementary Budget'... 4.4% Increase Compared to Original Budget

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Goryeong-gun, Gyeongbuk Province (Governor Kwak Yong-hwan) announced on the 25th that it has prepared a supplementary budget proposal of 14.9 billion KRW for the first supplementary budget of 2021 and submitted it to the county council.

This supplementary budget proposal amounts to 350.8 billion KRW, an increase of 14.9 billion KRW (4.4%) from the original budget of 335.9 billion KRW. According to Goryeong-gun, the budget prioritizes urgent projects with high public interest and benefits, aimed at stabilizing the livelihood economy and creating jobs amid the COVID-19 pandemic.

The newly included budget expenditures focus on supporting small business owners and job creation, including ▲improvements to small business commercial facilities ▲support for small business credit card fees ▲public work projects and job creation. Additionally, as part of the 'I ♥ Daegaya Goryeong' project, investments will be concentrated on urban landscape improvement and creating a pleasant residential environment.

Governor Kwak Yong-hwan stated, "Despite difficult financial conditions, we have selectively allocated funds to projects with high public interest and benefits," adding, "We plan to vigorously promote policies to revitalize the livelihood economy, which has been depressed due to the prolonged COVID-19 pandemic, and to support the restoration of daily life for residents."

Meanwhile, the 'First Supplementary Budget Proposal' submitted by Goryeong-gun will be reviewed and approved during the temporary session of the county council starting on the 29th and will be finalized on the 31st.

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