Daejeon City Allocates 203.9 Billion KRW in First Supplementary Budget This Year... Focus on COVID-19 Response

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Daejeon Metropolitan City has prepared its first supplementary budget of the year and submitted it to the Daejeon City Council. The supplementary budget focuses on responding to COVID-19. The proposed budget will be reviewed and approved during the ‘264th Extraordinary Session’ held from the 15th to the 30th.

The city announced on the 11th that, considering the COVID-19 crisis situation, it urgently prepared an unplanned supplementary budget in coordination with the government’s supplementary budget, aiming to support small business owners and address blind spots in quarantine measures.

The supplementary budget was set at 203.9 billion KRW, limited to COVID-19 response. The funding for the supplementary budget will be secured by mobilizing all available funds.

First, to support small business owners struggling due to COVID-19, the city allocated 34 billion KRW for crisis overcoming support funds, 18.1 billion KRW for special crisis guarantee, 2.3 billion KRW for interest subsidy on management improvement funds, and 10 billion KRW to support the issuance of local love gift certificates.

The crisis overcoming support fund reflects the joint announcement made on the 21st of last month by the Mayor of Daejeon and the heads of the five districts, providing 2 million KRW to businesses subject to closure orders, 1 million KRW to businesses with operational restrictions, and 500,000 KRW to businesses with decreased sales, respectively.

Additionally, a living support budget of 51.2 billion KRW (from funds) was included to provide livelihood support payments for the duration of quarantine to those who have been hospitalized or received quarantine notices due to COVID-19.

Furthermore, to strengthen quarantine measures, the city allocated 3.2 billion KRW for self-diagnostic kits for vulnerable groups and 7.1 billion KRW (including funds) for the operation of the third residential treatment center, proactively responding to the spread of COVID-19.

Separately from the supplementary budget, the city assigned 17 billion KRW in contingency funds to provide rapid financial support to small business owners and support quarantine efforts.

Yu Deuk-won, Director of the Planning and Coordination Office of the city, said, “The supplementary budget focuses on fully responding to support small business owners struggling due to the prolonged COVID-19 pandemic and strengthening quarantine measures. Once the budget is finalized, we will execute it as quickly as possible to enhance citizens’ sense of impact.”

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