Seongnam-si Prepares Next Year's Budget Plan Worth 3.2647 Trillion Won

Seongnam City Hall

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province has prepared a budget proposal of 3.2647 trillion KRW for next year. This is an increase of 259 billion KRW (8.6%) compared to this year's main budget of 3.0057 trillion KRW.

Seongnam City announced on the 5th that it has prepared a total budget proposal of 3.2647 trillion KRW for next year, including 2.5948 trillion KRW in the general account and 669.9 billion KRW in the special account, and recently submitted it to the city council.

The city's budget proposal this time is characterized by focusing on fostering the 4th industrial revolution and expanding welfare facility infrastructure, including the Seongnam High-Tech Valley Regeneration Innovation Project, construction of the Gyeonggi e-sports dedicated stadium, and construction of the Wirye, Taepyeong, and Pangyo Daejang comprehensive social welfare centers.

By sector, 1.0866 trillion KRW, which is 41.9% of the general account, was allocated to social welfare. This includes 81.2 billion KRW for childbirth support such as child allowance and 2 million KRW payment for all newborns, 9.1 billion KRW for veterans' honor allowance, 5 billion KRW for senior citizen job projects, and 400 million KRW for taxi vouchers for the disabled. 12 billion KRW will be invested in the construction of the Wirye, Taepyeong, and Pangyo Daejang comprehensive social welfare centers.

The education sector has a budget of 71.9 billion KRW. This includes 35.2 billion KRW for free meals for kindergarten, elementary, middle, and high school students, 11.3 billion KRW for Seongnam-type education support projects, 8.5 billion KRW for educational environment improvement projects, 4 billion KRW for expansion of school multipurpose gymnasiums, 1.2 billion KRW for free school uniforms, and 800 million KRW for free high school education expenses.

The industry, small and medium enterprises, and energy sectors have a budget of 82.8 billion KRW. This includes 10.5 billion KRW for the Seongnam Love Gift Certificate activation fund and 1.3 billion KRW for the special guarantee fund for small business owners in Seongnam. 5.3 billion KRW will be invested in the Seongnam High-Tech Valley Regeneration Innovation Project, and 4 billion KRW in the construction of the Gyeonggi e-sports dedicated stadium.

The transportation and logistics sector was allocated 220.5 billion KRW. This includes 12.5 billion KRW for the maintenance of the Suseong District settlement area, 12 billion KRW for installation of noise reduction facilities on the urban expressway between Bundang and Suseo, 10.7 billion KRW for the expansion of the Namhansanseong circular road, and 6.9 billion KRW for the construction of a public parking lot at 18 Hadaewon-dong.

The resident-participation budget projects proposed directly by residents include 165 projects with a budget of 5.9 billion KRW. These include 400 million KRW for the separation installation project of the Tancheon bicycle road and pedestrian path, 200 million KRW for the creation of a 4th industrial revolution experience lab space, and 100 million KRW for the installation of LED luminous pedestrian crossing signs.

In addition, the city allocated budgets for improving sports facilities at Seongnam-Tancheon Comprehensive Stadium (6 billion KRW), construction of administrative welfare centers in Godeung, Sinheung 2, and Sunae 2-dong (8 billion KRW), new construction of the Jeongja 1-dong complex building (6 billion KRW), operation of the citizen patrol team (2 billion KRW), and operation of Seongnam Medical Center (29.4 billion KRW).

This budget proposal will be finalized on the 20th of next month after deliberation at the '268th Seongnam City Council 2nd Regular Meeting' scheduled for the 22nd.

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