Gyeongnam Province Launches All-Out Effort to Secure National Budget Next Year... Requests Support for 17 Projects Worth 109.2 Billion Won

On the 13th, 'Visiting Local Finance Council' ... Vice Governor Ha Byeongpil, Ministry of Economy and Finance Budget Director Attend

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Ha Byungpil, Deputy Governor of Gyeongnam Province, proposed national budget support for major national projects for next year to the Ministry of Economy and Finance at the Gyeongnam Provincial Office on the 13th.

The Local Finance Council is held annually in May under the supervision of the Ministry of Economy and Finance to share the investment direction for the next year before the government budget is formulated and to hear the opinions of local governments on regional pending projects.

At the meeting, officials from the Ministry of Economy and Finance including Choi Sangdae, Budget Director, attended along with Ha Byungpil, Deputy Governor of Gyeongnam Province, Park Jongwon, Deputy Governor for Economic Affairs, and heads of departments and bureaus.

The major projects proposed by the province on this day amounted to 17 projects totaling 109.2 billion KRW. Specifically, these include 5 billion KRW for early commencement of the maritime section of National Road No. 5 (Geoje-Masan), 2 billion KRW for the Northeast Asia logistics platform establishment feasibility study, 3 billion KRW for building a foundation to foster the non-face-to-face medical and life science medical device industry, 48 billion KRW for detailed design costs of the southern inland railway, 500 million KRW for the construction of the Namhae-Yeosu undersea tunnel, among 12 other projects.

Deputy Governor Ha requested, "Since the projects proposed today are major pending projects of our province, I ask for special attention so that they can be reflected in the government budget proposal."

Before the council began, Governor Kim met with Director Choi and urged, "I ask the government, especially the Ministry of Economy and Finance, to take the lead in considering the transition of South Korea from a unipolar system centered on the metropolitan area to a multipolar system through population movement between the metropolitan and non-metropolitan areas, regional balanced New Deal, and Innovation City 2.0."

The province applied for a national treasury budget of 7.3579 trillion KRW for next year. This is an increase of 794.2 billion KRW compared to the 6.5637 trillion KRW secured last year and is expected to lay the foundation for opening the era of a 7 trillion KRW national budget.

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