Gangwon-do, Next Year '8 Trillion Won in National Budget'... Largest Ever

Laying the Foundation for a Future-Oriented Economic Structure Transformation Linked to the Korean New Deal

Gangwon Provincial Government

[Asia Economy Reporter Ra Young-cheol] Gangwon Province has surpassed 7 trillion won in national funding for the first time ever this year, and next year will usher in an era of a record-breaking 8 trillion won in national funding.

On the 2nd, Kim Myung-jung, Deputy Governor for Economic Affairs of Gangwon Province, held a press conference at the provincial government briefing room and stated, "As a result of our own analysis of the 2022 government budget proposal, 8.0125 trillion won was reflected, exceeding the national funding target of 8 trillion won by 12.5 billion won."

This amount is 797.5 billion won (11.1%) higher than this year's government budget allocation of 7.215 trillion won.

Considering increases or new inclusions during the National Assembly's review process and public projects to be decided in the second half of next year, the final scale of national funding is expected to increase further.

The province emphasized the significance by stating, "Despite the government's difficult fiscal conditions due to COVID-19 response, we secured the largest-ever national funding by discovering new projects and increasing continuing project budgets in line with the government's key investment directions for next year."

Advanced future food industry sectors linked to the 'Korean New Deal' and 'Regional Balanced New Deal' have been largely reflected as new projects from continuing projects, providing momentum to the Gangwon-type New Deal projects initiated last year.

Projects included in the government proposal such as the 'Establishment of the National Gangwon Memorial Cemetery,' 'Construction of the Gangwon Liberation Memorial Hall,' 'New Construction of Taebaek Correctional Facility,' and 'Stabilization of Supply for Highland Vegetables (radish, cabbage)' are expected to serve as opportunities to address regional extinction risks and regional balanced development issues.

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