Jangheung-gun Increases 2nd Supplementary Budget by 66.4 Billion Won, Finalized at 566.5 Billion Won

Jangheung-gun Office Building Exterior Photo by Asia Economy

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Jangheung-gun, Jeollanam-do announced on the 16th that it has expanded the 2nd supplementary budget to 566.5 billion KRW, an increase of 13.27% or 66.4 billion KRW compared to the 1st supplementary budget (500.1 billion KRW), after passing it through the Jangheung-gun Council plenary session on the 15th.

This supplementary budget prioritizes revitalizing the local economy, which has been stagnant due to COVID-19, and allocating funds for recovery from recent heavy rain damage. It also reflects budgets for key projects of the 7th local government administration and resident-requested projects, focusing on improving the quality of life for local residents.

Major projects include 8.8 billion KRW for COVID-19 coexistence national support funds, 1.7 billion KRW for issuing Jangheung Love gift certificates related to COVID-19, 1.1 billion KRW for temporary livelihood support funds, 12.1 billion KRW for heavy rain damage recovery projects, 5.6 billion KRW for resident-requested projects, 1.1 billion KRW for agricultural infrastructure maintenance projects, and 800 million KRW for the Tamjin River 30-ri Road maintenance project.

In particular, to resolve the prolonged economic downturn caused by COVID-19 and stabilize the lives of county residents, 5.5 billion KRW was saved through expenditure restructuring by reducing current expenses such as official travel allowances and cutting budgets for festivals and events, and this saved budget was included in this supplementary budget.

As a regret in this supplementary budget, about 4 billion KRW was cut and adjusted to internal reserves, including 1.3 billion KRW for the construction of cold chain auxiliary facilities for seafood at Jangheung Noryeok Port and 1.15 billion KRW allocated for basic infrastructure construction in each village. This budget is planned to be reallocated and used in the next supplementary budget.

Governor Jeong Jong-soon stated, “Since this supplementary budget is allocated for budgets directly related to stabilizing the lives of residents suffering from the prolonged COVID-19 pandemic and for resident-requested projects, we will do our best to ensure that the budget is executed promptly.”

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