Ulsan City Enters the Era of a 3 Trillion Won Budget... Next Year's Government Proposal Reflects Record High National Funding

3.21 Trillion KRW, Over 15% Increase Compared to Last Year

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Ulsan City's budget has surpassed 3 trillion won for the first time. It has been confirmed that the national budget of 3.2101 trillion won for next year has been reflected.

Ulsan City announced on the 31st that it has been confirmed that a total budget of 3.2101 trillion won has been reflected in the 2022 national budget government proposal, which the Ministry of Economy and Finance plans to submit to the National Assembly on September 3.

This is the largest scale ever, with an increase of more than 15% compared to last year's government proposal (2.7884 trillion won), and it is the first time the budget has surpassed 3 trillion won.

Compared to the 2022 government budget proposal increasing about 8% from 558 trillion won in 2021 to around 604 trillion won, Ulsan's budget has increased significantly.

Including the ordinary local allocation tax to be finalized at the end of October and additional budgets to be reflected during the public project decisions in the second half of the year and the National Assembly review stage, it is expected that nearly 4 trillion won in national budget will be secured.

Ulsan City, led by Mayor Song Cheol-ho, has continuously met with high-ranking officials such as ministers of central government departments including the Ministry of Science and ICT and the Ministry of Health and Welfare, as well as the 2nd Vice Minister and Budget Director of the Ministry of Economy and Finance, to explain the difficult local situation and request government-level interest and support for local issues and securing national funds.

In addition, to cooperate with the local political circles, budget policy meetings were held with local members of the National Assembly in May and with the Democratic Party in July. Senior officials including the Deputy Mayor for Economic Affairs frequently visited local National Assembly members' offices to share trends in government budget deliberations on major national projects as part of their strategy.

The all-round cooperation of key figures such as Kim Ki-hyun, floor leader of the People Power Party, Lee Chae-ik, chairman of the Culture, Sports and Tourism Committee, Lee Sang-heon of the same committee, Park Sung-min of the Land, Infrastructure and Transport Committee, Kwon Myung-ho of the Budget and Accounts Committee, and Seo Beom-su, secretary general of the People Power Party, greatly contributed to the reflection of the national budget in the government proposal.

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