Gangneung-si, 1st Supplementary Budget of 1.3522 Trillion Won Established... 130.9 Billion Won Increase

City, "Budget Focused on Living Stabilization Funds, Quarantine-Related Expenses, and Local Issue Projects"

Gangneung City Hall

[Asia Economy Reporter Ra Young-cheol] Gangneung City has prepared and submitted to the city council the "1st Supplementary Budget Proposal" of 1.3522 trillion won this year to stabilize citizens' lives and overcome the local economic recession.

According to the city on the 11th, the total supplementary budget increased by 130.9 billion won (10.7%↑) from the original budget of 1.2213 trillion won. The general account increased by 112 billion won to 1.1878 trillion won.

In this supplementary budget, the city reflected changes in projects canceled or reduced due to COVID-19 and projects for the second half of the year that were not included in the original budget.

Looking at the budget details, it was organized mainly around national policy projects and local pending projects such as living stabilization funds, vaccine inoculation and quarantine-related budgets, regional economic revitalization, and job creation.

By project, 3.2 billion won was allocated for COVID-19 related living stabilization funds, 1.6 billion won for vaccine inoculation and quarantine, and 10.2 billion won for regional economic revitalization and job creation.

Major local pending projects include 4 billion won for the installation of a resource circulation center landfill and incineration facility, 3 billion won for the creation of a cultural city, and 2 billion won for the construction of the Okcheon-dong Administrative and Cultural Complex Center.

This supplementary budget proposal is scheduled to be finalized on the 28th after the 291st Gangneung City Council extraordinary session.

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