Boseong-gun Opens Era of 700 Billion Won Budget

The 3rd Supplementary Budget Confirmed at 703.5 Billion Won... First 700 Billion Won Era Since Establishment

[Boseong=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Jeollanam-do Boseong-gun (Governor Kim Cheol-woo) announced on the 23rd that the era of a 700 billion won budget has opened for the first time since its establishment.

The third supplementary budget for Boseong-gun confirmed this year is a total of 703.5 billion won.

Boseong-gun increased its budget from 546.2 billion won in 2018 to the 600 billion won range last year, and surpassed 700 billion won this year.

To operate an expansionary fiscal policy, Boseong-gun focused on securing government budgets and was selected for various public projects in areas such as the local economy, jobs, and welfare, securing the largest amount of local allocation tax ever.

In particular, the budget rapidly increased as the county quickly moved to resolve residents' long-standing issues and secure future growth engines by attracting large-scale national projects.

Major ongoing projects include ▲Natural Disaster Risk Improvement District Maintenance Project (4 districts / 82.2 billion won), ▲Boseong-eup City Gas Supply (74 billion won), ▲Boseong-Bulgyo Complex Community Center Construction (70 billion won), ▲Rural Agreement (47.5 billion won), ▲Bulgyo-Jangdo Ecological Exploration Road Construction Project (47.2 billion won), ▲Yulpo Marine Leisure Tourism Hub Development Project (43 billion won), ▲Urban Regeneration New Deal Project (3 locations / 28.1 billion won), ▲Fishing Village New Deal 300 Project (25.3 billion won), ▲Jeonnam-type Regional Growth Strategy Project (11 billion won), etc.

A Boseong-gun official said, “Although it was difficult to secure national and provincial budgets due to the prolonged COVID-19 pandemic and domestic and international economic uncertainties, we concentrated all possible capabilities to open the 700 billion won era for the first time in history,” adding, “We will continue to strive to secure more resources with the happiness of residents and the development of the county in mind and implement policies that residents can feel.”

Meanwhile, this budget is a supplementary budget to wrap up the year, increasing by 27.3 billion won (4.0%) from the second supplementary budget of 676.2 billion won to 703.5 billion won. It focused on reflecting revised national and provincial projects and minimizing carryover and unused budgets for ongoing projects.

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