Yeongam-gun Confirms 667.7 Billion KRW for 2nd Supplementary Budget

Additional COVID-19 Disaster Relief Fund Support for All Residents

Focus on Low-Income Job Support Projects and Urban Regeneration Initiatives

Yeongam-gun Office Building Exterior (Photo by Yeongam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Yeongam-gun, Jeollanam-do announced on the 19th that the 2nd supplementary budget for revenue and expenditure amounting to 667.7 billion KRW was finally approved by the county council on the 16th.

This figure represents an increase of 49.7 billion KRW (8.05%) compared to the 1st supplementary budget of 618 billion KRW, and the budget was allocated to projects revised after the national supplementary budget formulation, COVID-19 support measures, and job support projects for low-income groups.

Despite adverse conditions such as regional economic recession and industrial and employment crises caused by the COVID-19 pandemic since last year, Yeongam-gun made efforts to expand local finances.

By account type, the general account increased by 47.9 billion KRW (8.81%) to 591.2 billion KRW compared to the 1st supplementary budget of 543.3 billion KRW; the public enterprise special account increased by 1.8 billion KRW (2.90%) to 66 billion KRW compared to the 1st supplementary budget of 6.42 billion KRW; and the other special accounts remained unchanged at 10.5 billion KRW.

By function, the budget was allocated in the order of agriculture, forestry, and marine fisheries sector with 156.8 billion KRW (23.48%), social welfare and health sector with 144.6 billion KRW (21.66%), environmental protection sector with 99.8 billion KRW (14.95%), and transportation, logistics, and national land regional development sector with 77.1 billion KRW (11.54%).

This supplementary budget urgently allocated funds for AI (avian influenza) support and COVID-19 related expenses, including 2.918 billion KRW for poultry farm support projects due to AI outbreaks, 8 billion KRW for COVID-19 disaster relief funds, 3.4 billion KRW for infectious disease support and vaccination center operation projects, 370 million KRW for local love gift certificate issuance support, and 1.12 billion KRW for steep slope collapse risk areas and child protection zones.

Additionally, 900 million KRW was allocated for direct job creation projects such as region-led youth job projects, 820 million KRW for Blue Job Youth New Deal, 1.15 billion KRW for maintenance of aging tourist sites, urban regeneration, and urban planning, 1.45 billion KRW for maintenance of aging water supply networks, and 1.07 billion KRW for clean water production management projects, focusing on revitalizing the local economy, job creation, and urban regeneration projects.

A county official stated, “This supplementary budget focuses on stable financial management to secure fiscal soundness and efficiency by reflecting the county’s burden for national and provincial projects, preventing disasters and accidents through COVID-19 infectious disease prevention projects, and incorporating budgets for local issues closely related to the residents’ livelihood.”

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