Changwon City, 1st Supplementary Budget of 3.7491 Trillion Won Formulated

Increase of 321.6 Billion KRW Compared to Initial Budget, Positive Changes Expected with Special City Launch

Changwon City Hall, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Changwon City in Gyeongnam submitted the first supplementary budget proposal for 2022, amounting to 3.7491 trillion KRW, to the city council on the 2nd.

The city stated that it set the budget at 3.7491 trillion KRW, an increase of 321.6 billion KRW compared to the existing budget, focusing on preparing for the major transition to a special city and revitalizing the local economy.

The general account was organized at 3.2676 trillion KRW, an increase of 295.9 billion KRW, and the special account increased by 25.6 billion KRW to 481.5 billion KRW. The expenditure increases by sector include 62.7 billion KRW for industry, small and medium enterprises, and energy; 60.1 billion KRW for agriculture, forestry, marine, and fisheries; 59.8 billion KRW for social welfare; and 30.6 billion KRW for the environment.

To apply the upgraded standards for special large cities and expand childbirth encouragement policies, the social welfare budget was increased by 11.8 billion KRW for basic pensions, 3 billion KRW for childbirth congratulatory payments, 4.4 billion KRW for Nuri curriculum support, 8 billion KRW for elderly welfare facilities, and 3 billion KRW for COVID-19 related quarantine living support expenses.

New and increased budgets were allocated for 9.2 billion KRW for agricultural and fishery household allowances, 11.9 billion KRW for basic public direct payments, and 4.1 billion KRW for school meal support. To recover the livelihood economy, 8.9 billion KRW was assigned for Nubijeon (local transportation card), and 4 billion KRW for job projects such as regional quarantine jobs.

For the growth of the hydrogen economy city and climate change response, 19.1 billion KRW will be invested in electric and hydrogen vehicle distribution projects, 2.4 billion KRW in infrastructure supporting the durability of hydrogen fuel cell vehicle parts throughout their lifecycle, 3.5 billion KRW for hydrogen charging station construction and operation, and 5.5 billion KRW for early scrapping support of old diesel vehicles.

34 billion KRW will be used to install unmanned traffic enforcement equipment in child protection zones, 3.3 billion KRW for aging water supply network maintenance projects, and 2.1 billion KRW to strengthen dementia functions at public nursing hospitals. Additionally, 4.7 billion KRW is allocated for the construction of the Jinhae Cultural Center library, 4.4 billion KRW for the Hapjeong 1 District urban regeneration New Deal project, and 5 billion KRW for the Sapa District urban development project.

2 billion KRW is planned for the creation of a soccer field in the Masan area, 1.9 billion KRW for the opening of the Northern Ring Road (Phase 2), 1.8 billion KRW for the construction of the Viewer Media Center, and 1.7 billion KRW for the relocation and reconstruction of the Changwon City Welfare Center.

The first supplementary budget proposal for Changwon City will be finalized on March 21 after going through the 113th Changwon City Council extraordinary session starting on the 11th.

Mayor Heo Seong-mu said, “We strategically allocated necessary project funds so that citizens can quickly feel the positive changes in city administration after the launch of the special city.” He added, “Once the budget is confirmed, we will promptly execute it to resolve citizen inconveniences and do our best to achieve project outcomes.”

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