Gwangju Buk-gu, Allocates 1.0811 Trillion Won Including 2nd Supplementary Budget for COVID-19 Support Funds

24.4% Increase Compared to the 1st Supplementary Budget

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City has prepared a second supplementary budget of 1.0811 trillion KRW, including the COVID-19 coexistence national support fund.

Buk-gu announced on the 22nd that it will submit the second supplementary budget proposal amounting to 1.0811 trillion KRW, an increase of 212.3 billion KRW (24.4%) compared to the existing budget (first supplementary budget), to the district council on the 24th.

This supplementary budget focuses on the COVID-19 coexistence national support fund following the government's second supplementary budget in July, prevention of COVID-19 spread, support for vulnerable groups, and revitalization of the local economy.

First, based on the bottom 80% of household income, it was decided to provide 250,000 KRW per person, including ▲ COVID-19 coexistence national support fund of 95.5 billion KRW ▲ additional national support fund for low-income groups of 3.8 billion KRW ▲ public job projects of 12.2 billion KRW ▲ temporary livelihood support for vulnerable groups of 4.6 billion KRW.

Also included are ▲ additional transfer of 2.5 billion KRW to the disaster management fund as a reserve for COVID-19 response ▲ operation of screening clinics and vaccination centers with 1.7 billion KRW ▲ living support expenses for self-quarantined individuals of 5.1 billion KRW.

For current projects, 3.6 billion KRW was allocated for the university town-type urban regeneration New Deal project, a total of 6.7 billion KRW for living SOC projects including the construction of Buk-gu Comprehensive Gymnasium, and 1.1 billion KRW each for the AIoT-based disaster safety management system and smart town development projects selected through public contests.

In particular, Buk-gu plans to reflect opinions and suggestions collected from visits to livelihood sites and residents’ meetings in the budget proposal to promote projects that residents can directly feel in the future.

Moon In, Mayor of Buk-gu, said, “Once the supplementary budget is confirmed, we will focus on boosting the local economy and resolving residents’ inconveniences through prompt execution. Regarding the coexistence national support fund, we plan to provide it as quickly as possible to help households’ livelihoods.”

Meanwhile, the second supplementary budget proposal will be reviewed by the district council’s standing committee and the special budget and accounts committee starting from the 1st of next month, and will be approved and finalized at the plenary session on the 10th.

Honam Reporting Headquarters Reporter Kim Yukbong bong2910@asiae.co.kr

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