Mayor Heo Seong-mu "Strategically Allocated Budget for Local Economy and Daily Life Recovery" ... Submitted Budget Proposal of 3.4276 Trillion Won

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Changwon City in Gyeongnam announced on the 25th that it has submitted the 2022 budget proposal to the city council, focusing on expanding urban infrastructure befitting the status of the special city launching next year, restoring regional economic dynamism, and strengthening an inclusive social safety net.

The total scale of Changwon City's 2022 budget proposal is 3.4276 trillion KRW, an increase of 165 billion KRW (5.06%) compared to this year. The general account is set at 2.9717 trillion KRW, up 285.1 billion KRW (10.61%), while the special account is 455.9 billion KRW, down 120.1 billion KRW (20.85%).

The main revenues of the general account include local tax income of 817.9 billion KRW (up 40 billion KRW), non-tax revenue of 142.4 billion KRW (down 6.5 billion KRW), national and provincial subsidies of 1.1437 trillion KRW (up 121.8 billion KRW), local allocation tax of 570.7 billion KRW (up 34 billion KRW), and adjustment grants of 203.2 billion KRW (up 87.7 billion KRW). The budget reflects the maximum available resources in line with the government's fiscal expansion policy and economic recovery expectations.

Allocation by sector is as follows: general public administration 141.8 billion KRW (4.77%), public order and safety 55.8 billion KRW (1.88%), education 37.5 billion KRW (1.26%), culture and tourism 191.5 billion KRW (6.44%), environment 171 billion KRW (5.75%), social welfare 1.2128 trillion KRW (40.81%), health 56.4 billion KRW (1.9%), agriculture, forestry, marine and fisheries 158.2 billion KRW (5.32%), industry, SMEs and energy 126.3 billion KRW (4.25%), transportation and logistics 176.5 billion KRW (5.94%), land and regional development 161.2 billion KRW (5.43%), contingency funds 20 billion KRW (0.67%), and personnel expenses and others 462.6 billion KRW (15.57%).

By major investment type, 68.3 billion KRW will be invested in job projects to support the recovery of regional economic dynamism and the creation of quality jobs.

81 billion KRW is allocated to 15 youth job projects, 20 billion KRW to 4 reemployment job projects, and 58.2 billion KRW to 12 projects including community, public work, and senior jobs, expanding customized jobs by class and supporting youth job creation while strengthening the employment safety net.

Additionally, 3.1 billion KRW is allocated to small business support projects, 6 billion KRW to Nubi-jeon operation, 2.8 billion KRW to traditional market revitalization support projects, and 2.7 billion KRW to startup support projects, supporting the self-sustaining local economic ecosystem of small businesses and SMEs.

To strengthen the inclusive social safety net and improve quality of life, a meticulous welfare system will be established and lifecycle-tailored investments will be reinforced.

3.621 trillion KRW is allocated to elderly welfare projects such as basic pensions, 1.427 trillion KRW to disability welfare projects including disability pensions and activity support, and 3.435 trillion KRW to childcare support such as infant care fees and home care allowances.

Education projects include 32.2 billion KRW for school meal support, 13.6 billion KRW for school education expenses including support for the construction of Bukmyeon 1 High School (tentative name), and 5.5 billion KRW for uniforms for new middle and high school students.

Resources will also be actively invested in establishing innovation growth bases and smart transformation of future-oriented key industries.

279 billion KRW is allocated for the expansion of Changwon National Industrial Complex, 3.7 billion KRW for its regeneration project, 20 billion KRW for the future mobility research support complex project, 15.7 billion KRW for hydrogen industry promotion, 2.8 billion KRW for defense industry promotion, 3.4 billion KRW for the power unit smart manufacturing center construction project, 3 billion KRW for energy self-sufficiency infrastructure construction, and 2.5 billion KRW for industrial machinery remanufacturing specification upgrade and dissemination foundation projects.

To enhance residents' safety and convenience, 5.5 billion KRW is allocated for the Yangdeokcheon disaster risk improvement district maintenance project and Yangdeokcheon rainwater retention facility installation project, 1.2 billion KRW for the disaster response integrated platform construction project, and 12.3 billion KRW for the disaster management fund, increasing investment in disaster prevention.

To lead green transition and respond to climate change and environmental crises, 11 billion KRW is allocated for diesel vehicle emission reduction projects, 9.8 billion KRW for early retirement support for old diesel vehicles, 4.5 billion KRW for small-scale business air pollution prevention facility installation projects, and 6.1 billion KRW for electric vehicle purchase support projects.

276 billion KRW is also allocated for vaccination projects to spread safe daily life.

Urban infrastructure expansion includes 15 billion KRW for the eco-friendly marine tourism new city construction project, 23.5 billion KRW for the Gusan marine tourism complex development project, 13 billion KRW for the Sapa district urban development project, 32 billion KRW for sunset park facility compensation, 14.3 billion KRW for the Chungmu, Guam, and Sogye urban regeneration New Deal projects, 21.4 billion KRW for the fishing village New Deal 300 project, and 7.8 billion KRW for the Wonidae-ro S-BRT construction project.

Mayor Heo Seong-moo said, "We will complete the achievements of the 7th term of the elected government next year, lead regional economic vitality, and create a Changwon Special City that all citizens can tangibly feel through rapid recovery of people’s livelihoods."

The submitted 2022 budget proposal is expected to be finalized after deliberation and resolution at the 109th Changwon City Council (2nd regular session) starting on the 25th.

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