Hamyang-gun Confirms 575.6 Billion KRW for 2nd Supplementary Budget
422 Billion KRW Increase, 7.92% Up Compared to the First Supplementary Budget of 533.3 Billion KRW
[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] On the 31st, the second plenary session of the 264th extraordinary meeting held at the Hamyang County Council in Hamyang-gun, Gyeongnam Province, confirmed the 2021 second supplementary budget at 575.6 billion KRW.
The budget confirmed on this day increased by 42.2 billion KRW (7.92%) compared to the first supplementary budget of 2021, with increased revenue sources including 30.4 billion KRW in local allocation tax, 12.3 billion KRW in national subsidies, and 4.4 billion KRW in adjustment grants.
This second supplementary budget was organized to ensure the smooth implementation of ongoing projects such as national subsidy projects and essential projects to be promoted within the year.
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An official from the county stated, “We formulated the project budget focusing on major pending projects for revitalizing the economy, which has been depressed due to the prolonged COVID-19 pandemic, and for sustainable development of Hamyang-gun. We will do our best for the recovery of the local economy and the future development of the county through prompt execution in the future.”
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