Andong-si, 1st Supplementary Budget of 78 Billion Won Established... Budget Size Increased by 6.2%

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Jae-ho] Andong City has prepared the first supplementary budget of this year amounting to 78 billion KRW and submitted it to the Andong City Council (extraordinary session) on the 20th. If it passes as is in the city council, the budget size will increase to 1.333 trillion KRW.

The general account increased by 73.4 billion KRW compared to the original budget, growing to 1.1869 trillion KRW, and the special accounts, including water and sewage public enterprise accounts, also increased by 4.6 billion KRW to 146.1 billion KRW.

In the general account revenue, non-tax revenue within own income increased by about 1.8 billion KRW, dependency resources such as local allocation tax, national and provincial subsidies, and adjustment grants increased by 28.3 billion KRW, and replenishment income such as net world surplus increased by 43.3 billion KRW, resulting in a revenue change of 73.4 billion KRW in the general account alone.

Through this, Andong City explained that the expenditure budget was prepared with a focus on playing a catalyst role to revitalize the region along with preparing for various disasters and epidemics.

In this supplementary budget, 3.5 billion KRW will be invested in the smart flood management system construction project, 1 billion KRW in various quarantine supports, and 700 million KRW in emergency restoration projects for wildfire damage areas to respond to disasters and calamities.

Also, to recover the livelihood economy, 1.9 billion KRW will be spent on COVID-19 living support funds, 1.4 billion KRW on temporary management support vouchers for small-scale farms, and 800 million KRW on small business support. For current projects, 3.8 billion KRW was reflected for the modernization of agricultural wholesale market facilities, 3 billion KRW for the construction of Andong Bandabi Sports Center, 2.5 billion KRW for land acquisition of Songhyeon 2nd Neighborhood Park, and 2 billion KRW for the Andong Comprehensive Sports Town development project.

In addition, ▲1.9 billion KRW for the vaccine commercialization technology support infrastructure system construction project ▲1.7 billion KRW for the Gyeongbuk Industrial Hemp Regulatory Free Zone project ▲2 billion KRW for fire road construction ▲1.8 billion KRW for arterial road construction ▲1.5 billion KRW for road widening and expansion were reflected.

Looking at the general account by sector, all sectors increased in the order of ▲land and regional development 21.8 billion KRW ▲agriculture, forestry, marine, and fisheries 13.2 billion KRW ▲culture and tourism 9.7 billion KRW ▲industry, small and medium enterprises, and energy 7.6 billion KRW ▲transportation and logistics 6.9 billion KRW ▲social welfare 6.1 billion KRW.

Mayor Kwon Young-se of Andong emphasized, "This supplementary budget was prepared focusing on disaster and calamity response, regional revitalization, and urgent issue resolution, ensuring that our city's finances are used efficiently and appropriately within a sustainable range. As soon as the budget is confirmed, we will promptly begin execution procedures and concentrate all administrative power on resolving citizens' difficulties and revitalizing the local economy."

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