Imsil-gun, 1st Supplementary Budget of 486.2 Billion KRW Established... 31.9 Billion KRW Increase

[Imsil=Asia Economy Honam Reporting Headquarters Reporter Park Nosik] Jeonbuk Imsil-gun (Governor Sim Min) announced on the 21st that it has finalized the first supplementary budget of the year at 486.2 billion KRW, additionally allocating funds for major projects such as the Seomjingang Eco Museum and small stream maintenance projects.

The county confirmed the supplementary budget at 486.2 billion KRW, an increase of 31.9 billion KRW from the original budget for this year, following the conclusion of the 2nd plenary session of the 309th Imsil County Council regular meeting for the first supplementary budget formulation.

The confirmed supplementary budget includes an increase of 30.4 billion KRW in the general account budget, totaling 456.7 billion KRW, and an increase of 1.5 billion KRW in the special account budget, totaling 29.5 billion KRW.

The main revenue sources for the general account include 0.5 billion KRW from non-tax income, 12.2 billion KRW from local allocation tax, 1.1 billion KRW from adjustment grants, and 17.5 billion KRW from national subsidies.

This supplementary budget emphasizes projects continuously promoted from the 6th to the 7th local government administration terms, reflecting the determination of both the county and the county council for successful project implementation.

To revitalize the local economy and continue ongoing projects, funds were allocated including 4.3 billion KRW for the 2nd phase of the Seomjingang Eco Museum, 4.0 billion KRW for small stream maintenance projects, and 3.5 billion KRW for the creation of the Imsil N Cheese Rural Theme Park, securing momentum for smooth project progress.

Additionally, 2.0 billion KRW was allocated for the construction of the Imsil-eup Happiness Nuri Center, 1.5 billion KRW for the maintenance of aging water supply networks in Imsil-gun, 550 million KRW for the supplementation of Seongsusan Natural Recreation Forest, 500 million KRW for the creation of Taejo Hope Forest, and 360 million KRW for the establishment of the Osu-myeon Happiness Nuri Life Culture Center.

In particular, with a focus on alleviating the hardships of residents due to the prolonged COVID-19 pandemic and revitalizing the local economy, this supplementary budget was formulated to ensure no neglect in addressing residents’ inconveniences and maintaining infrastructure projects.

To overcome COVID-19, funds were also allocated for temporary management support voucher projects for small-scale farms, temporary livelihood and living expense support, temporary public job support, emergency employment support for regular taxi drivers, and income stabilization funds for chartered bus drivers.

Despite a decrease in tax revenue due to the economic downturn, the county expects local economic revitalization through strong expenditure budget restructuring and close cooperation with the county council, securing resources by issuing local bonds for some pending projects to overcome the COVID-19 crisis and ensure smooth progress of local projects.

Governor Sim Min said, “I express my gratitude to the residents who are steadfastly striving to overcome the current situation despite economic difficulties and inconveniences caused by the prolonged COVID-19 pandemic,” and added, “Through this supplementary budget, we will successfully carry out the ambitious core projects and make further efforts to overcome COVID-19 and restore the local economy.”

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