Goheung-gun, 2022 Main Budget Surpasses 800 Billion Won for the First Time

Published 19 Nov.2021 18:02(KST)

Next Year's Main Budget Set at 804.5 Billion Won, 12.9% Increase from This Year

Record High Local Allocation Tax Secured at 404.7 Billion Won, Significant Share... Expected to Boost Progress of Current Projects

Goheung-gun, 2022 Main Budget Surpasses 800 Billion Won for the First Time

[Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo] Goheung-gun, Jeollanam-do (Governor Song Gwi-geun) announced on the 19th that the realization of the goal of reaching a total budget scale of 1 trillion won by 2022, one of the objectives of the "Future Vision 1ㆍ3ㆍ0 Plan" launched during the 7th local government administration, is highly likely.

So far, Goheung-gun opened the door to the first 800 billion won era in budget scale by the end of 2019, just 1 year and 6 months after the launch of the 7th local government administration, including supplementary budgets. By the end of 2020, the final budget was confirmed at 889.1 billion won, an increase of 214.3 billion won (31.8%) compared to 2017,

and this year, following the confirmation of 895.4 billion won including the third supplementary budget, it is expected that the total budget scale will easily exceed 900 billion won when the year-end supplementary budget is also reflected.

In this situation, Goheung-gun announced that on the 19th, in line with the government's expansionary fiscal policy, it submitted the 2022 main budget proposal of 804.5 billion won, an increase of 92.5 billion won (12.9%) compared to this year, to the Goheung-gun Council.

By account, the general account increased by 93.3 billion won (13.3%) to 793.7 billion won, while the special account decreased by 0.8 billion won (-6.9%) to 10.8 billion won.

Looking at the general account budget by major functions, △Culture, Arts, and Tourism 32.3 billion won △Water Supply and Sewerage and General Environment 59.3 billion won △Social Welfare including Basic Livelihood Security 179.5 billion won △Health and Medical Care including Infectious Disease Prevention 12.8 billion won △Agriculture, Forestry, Marine, and Fisheries 220 billion won △Transportation, Land, and Regional Development 123.4 billion won, etc.

According to a military official, the reason for the increase in the military budget scale is explained as "the result of securing the highest-ever local allocation tax of 404.7 billion won, an increase of 96.2 billion won compared to this year, which is a highly autonomous resource accounting for more than 41% of the general account revenue every year, and reflecting it massively in residents' long-awaited projects and regional pending projects."

This is further explained as the result of strategic responses and efforts by the county, including continuous visits to the National Assembly and central government departments led by Governor Song Gwi-geun from the beginning of the year to secure national and provincial subsidies, continuous requests for budget securing for pending projects, successive selection of various government public offering projects, and thorough revenue management to secure stable local allocation tax.

Governor Song Gwi-geun said, "The fact that the first main budget next year exceeds 800 billion won is a meaningful result shared with the hopes and wishes of the people of Goheung," and added, "I hope that the budget proposal for next year, which was prepared through selection and concentration within limited resources, will be followed by active cooperation from the council."

Meanwhile, based on the 2022 main budget, reflecting the average budget increase rate of 36.4% over the past three years since 2018, the final year-end budget is expected to be 1.0973 trillion won, making the era of a 1 trillion won budget an imminent reality rather than a dream.

The 2022 main budget proposal prepared this time will be submitted to the 2nd regular session of the 302nd Goheung-gun Council for deliberation and resolution and will be finalized on December 10.