Yeosu City Council Holds 'One-Point Extraordinary Session' to Approve Budget for Daily Recovery Support Fund

Deliberation and Resolution of the First Supplementary Budget Proposal Worth 56.9 Billion KRW on the 5th

[Yeosu=Asia Economy Honam Reporting Headquarters Reporter Sim Kyung-taek] The Yeosu City Council in Jeollanam-do plans to hold a special session on the 5th to approve the budget for the daily recovery support fund.

The Yeosu City Council will convene the 216th special session for one day on the 5th to handle the first supplementary budget for 2022 related to the daily recovery support fund.

The budget for the daily recovery support fund for all citizens amounts to approximately 56.9 billion KRW, which is about 4.1% of this year's main budget of 1.3712 trillion KRW.

Since this is a 'one-point special session' for the disbursement of the support fund, the council plans to complete the review by the Standing Committee on Marine City Construction, the Special Committee on Budget and Accounts, and the plenary session all within one day.

After the council's deliberation on the day, the payment is expected to be made around the 20th.

Previously, the city council quickly held a one-point special session in January last year to approve the budget for the first disaster relief fund payment.

Meanwhile, Yeosu City announced at the end of last year its plan to provide 200,000 KRW per citizen as a daily recovery support fund to all citizens. The payment target is citizens registered as residents of Yeosu City as of December 27, 2021.

Yeosu=Asia Economy Honam Reporting Headquarters Reporter Sim Kyung-taek simkt7@asiae.co.kr

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