"Jinhae New Port and Others Must Be Included in Next Year's Government Budget" ... Ha Byung-pil, Acting Governor of Gyeongnam, Requests National Funding Projects

Attended Local Finance Council Hosted by Ministry of Economy and Finance

Requested Support for 10 Projects, 332.9 Billion KRW

On the 28th, the Local Finance Council hosted by the Ministry of Economy and Finance was held.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Ha Byeongpil, Acting Governor of Gyeongnam Province, requested national funding support for major Gyeongnam projects in 2023 at the Local Finance Council on the 28th.

The Local Finance Council, hosted by the Ministry of Economy and Finance, is held annually before the government budget formulation to hear and discuss local governments' opinions on major national funding projects.

This year, it was held over three days from the 26th to the 28th, targeting all cities and provinces.

On this day, Kim Wanseop, Budget Director, budget review officers, major department heads, Ministry of Economy and Finance officials, Acting Governor Ha Byeongpil, and heads of relevant departments and bureaus attended.

The major projects proposed by Gyeongnam Province included ▲ Construction of Jinhae New Port (Phase 1) ▲ Toll reduction for Machang Bridge and Geoga-daero (new) ▲ Establishment of extreme material demonstration research base (new) ▲ Construction of Gaya History and Culture Center (continuing) and Digital Gaya History and Culture Park (new) ▲ Installation of National Aquaculture Feed Research Institute (new) ▲ Construction of Yangsan Singi~Yusan local road ▲ Construction of Namhae Seomyeon~Yeosu Shindeok national road ▲ Establishment of a hub supporting full-cycle standardization of natural materials (new) ▲ Support for oyster shell resource pre-processing facilities (new) ▲ Seomjin Railway Bridge regeneration project (new), totaling 10 projects.

According to the province, Acting Governor Ha and provincial officials shared opinions from the Ministry of Economy and Finance and relevant ministries on each individual project after explanations and discussed related measures.

Through national funding activities last year, Gyeongnam Province secured 7.0425 trillion KRW in national funds, opening the era of the first-ever 7 trillion KRW national funding.

The target amount for securing national funds next year is set at 7.4 trillion KRW, and in April, the province applied for 7.589 trillion KRW in government budget to government ministries.

Since June, when government budget review began in earnest, the province has focused on visiting government ministries and the Ministry of Economy and Finance, led by senior officials such as department heads, to ensure that the province’s key projects are reflected in the government budget and to secure national funds.

Additionally, the province plans to maximize regional capabilities for securing 2023 national funds by cooperating with local National Assembly members’ offices and city and county governments.

Acting Governor Ha Byeongpil emphasized, “The projects proposed today are key issues our province is actively pursuing,” adding, “Since these projects are linked to the new government’s national agenda and adopted as regional policy tasks, special attention and cooperation are needed to ensure they are reflected in next year’s government budget.”

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