Wanju-gun Prepares 802.6 Billion Won Budget Proposal for Next Year

Expansionary Fiscal Policy to Meet the 'With Corona Inaugural Year'

[Wanju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] Wanju County announced on the 26th that it has prepared a 2022 budget plan worth 802.6 billion KRW and submitted it to the county council.

The budget plan for next year submitted by Wanju County to the council consists of 760.3 billion KRW in the general account and 42.3 billion KRW in the special account, an increase of 3.8 billion KRW compared to this year's original budget.

County Governor Park Seong-il attended the 2nd plenary session of the 2nd regular meeting of the 264th County Council and reported the budget plan to the council, saying, "Next year, in the with-corona era, it is time to accelerate a great transformation toward a new future for Wanju by responding to environmental changes such as complete recovery and digital transition."

By sector, the budget for industries, small and medium enterprises, and energy to revitalize the local economy, including building hydrogen economy infrastructure, recorded 50.5 billion KRW, an increase of 104.3% compared to this year, showing the highest growth rate.

The budget for culture and tourism, marking the second year of the Year of Visit Wanju, was also increased by 23.5% to 40.9 billion KRW compared to this year, and the health-related budget for the complete recovery of residents' daily lives was identified as 13.4 billion KRW, up 17.1%.

In terms of total budget amount, the social welfare sector, including basic living security and support for vulnerable groups, was the largest at 203.1 billion KRW, followed by the agriculture, forestry, marine, and fisheries sector (118.4 billion KRW) and the environment sector (83.8 billion KRW).

Governor Park said in his budget proposal explanation, "In 2022, we plan to continue an expansionary fiscal policy to meet expectations for recovery to pre-COVID-19 daily life and support a leap forward in society and the economy," adding, "In particular, we will focus more budget on hydrogen industry, corporate attraction, and SOC investment."

Wanju County's 2022 budget plan is scheduled to be finalized at the 4th plenary session of the 2nd regular meeting of the 264th County Council on the 15th of next month, after review by the Budget and Accounts Special Committee starting on the 2nd.

Meanwhile, regarding the 2022 county administration plan, Wanju County presented ten major directions: prioritizing complete recovery of daily life through quarantine and revitalization of the local economy; realizing Korea's No.1 hydrogen economy; fostering the most 'Wanju-like' community cultural city; accelerating the self-sufficient city great transformation project, among others.

The ten directions also include creating future innovation growth engines to realize the new Wanju; fostering the best healing tourism city; leading the Renaissance Wanju and three friendly cities; realizing the agricultural utopia Wanju; enhancing the brand value of the 2100-year historical city; and leading citizen-centered autonomous county administration.

Governor Park emphasized, "We will prioritize supporting the safe and complete recovery of residents' daily lives and focus the county administration's capabilities on quarantine and revitalization of the local economy," adding, "We will turn the overall socio-economic crisis, including resolving social polarization, revitalizing self-employed businesses, and filling cultural gaps, into a with-corona opportunity to accelerate the recovery of people's livelihoods and daily life."

Wanju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

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