Gwanak-gu Confirms Record-Breaking 96.1 Billion KRW for 2021 2nd Supplementary Budget

Focusing on Four Key Areas: COVID-19 Response, Local Economic Revitalization, Support for Vulnerable Groups, and Resolving Resident Inconveniences... Aiming to Restore the Stagnant Livelihood Economy and Improve Residents' Quality of Life through Safety Management

[Asia Economy Reporter Jongil Park] Gwanak-gu (Mayor Park Junhee) has finalized the second supplementary budget for 2021 at 96.1 billion KRW, which is 10.93% of the existing budget of 879.7 billion KRW, after review and approval by the district council.

This supplementary budget focuses on alleviating the hardships of small business owners, self-employed individuals, and vulnerable groups amid ongoing difficulties in the livelihood economy, actively responding to COVID-19, and eliminating inconveniences and risks for local residents. Investments are concentrated in four major areas: ▲COVID-19 response ▲regional economic revitalization ▲support for vulnerable groups ▲resolution of resident inconveniences and safety management.

First, 13.5 billion KRW was allocated as the district’s share of the 104.4 billion KRW COVID-19 coexistence national support fund to ensure smooth payment. A total of 19 billion KRW will be invested in COVID-19 response, including 3 billion KRW for operating screening clinics, 2 billion KRW for facility usage fees of residential treatment centers, 1.9 billion KRW for COVID-19 living support expenses, and 3 billion KRW from the disaster management fund to respond to quarantine demands and unforeseen disaster situations.

In the regional economic revitalization sector, a total of 5.2 billion KRW, including 1 billion KRW from the supplementary budget, will be invested to provide about 1,500 public jobs such as hope jobs, and 300 million KRW in commercialization support funds will be given to help venture companies with market development and prototype production, accelerating efforts to overcome difficulties in the livelihood economy.

To strengthen the self-sustainability of neighborhood commercial districts, projects such as the Gwanak-style Artterior project (850 million KRW), traditional market modernization project (300 million KRW), smart supermarket development, and traditional market shopping district revitalization events will be promoted to overcome the economic downturn caused by COVID-19 and support sales growth for small business owners.

Additionally, projects targeting vulnerable groups are carefully managed, including support for AI companion robots for low-income single disabled persons (80 million KRW), renovation and repair for daycare center environments (200 million KRW), improvement of elderly welfare facilities (100 million KRW), provision of heating supplies for single elderly during cold seasons (30 million KRW), and support for happy lunchboxes for young small business owners (100 million KRW).

In particular, to create a safe city where all residents can live without anxiety from crime or accident risks, 14.7 billion KRW was allocated for resolving resident inconveniences and safety management. Various projects will be implemented, including relocation of utility poles causing traffic inconvenience (600 million KRW), maintenance of aging roads (1 billion KRW), maintenance of the Byeolbitnaerincheon resident evacuation facility and river facilities (1.35 billion KRW), and installation of intelligent CCTV (640 million KRW).

Furthermore, 16.5 billion KRW will be invested in resident welfare projects to ensure smooth progress of subsidy projects in the second half of the year, and 3.6 billion KRW was confirmed for the integrated financial stabilization fund to promote efficient use of resources.

A district official stated, “Through the supplementary budget of 96.1 billion KRW confirmed this time, we will do our best to actively respond to COVID-19, lead the recovery of the stagnant livelihood economy, and eliminate inconveniences for residents throughout Gwanak-gu to improve the quality of life for Gwanak residents.”

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