Gyeongnam Office of Education Allocates '1.554 Trillion KRW' in 1st Supplementary Budget

Focus on Future Education and Creating a Safe Educational Environment

Final Approval After Provincial Assembly Review on the 26th

Superintendent Park Jong-hoon announcing the 1st supplementary budget for the Gyeongsangnam-do Education Special Account.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] On the 14th, Park Jonghun, Superintendent of Gyeongnam Office of Education, presented the 1st supplementary budget plan for the Gyeongsangnam-do Education Special Account at the proposal explanation of the 397th Gyeongnam Provincial Council temporary session.

The 1st supplementary budget for the Education Special Account prepared by the Gyeongnam Office of Education amounts to 1.554 trillion KRW.

The provincial Office of Education stated that the supplementary budget resources have increased unprecedentedly due to the settlement of the 2021 world surplus following the increase in domestic taxes and the additional ordinary grants from the government's 2nd supplementary budget.

According to the Office of Education, revenue sources increased by ▲14.514 trillion KRW from central government transfers including ordinary and special grants ▲22.5 billion KRW from local governments and other transfers ▲48.7 billion KRW from self-generated income such as asset sales ▲31.4 billion KRW from other income including net world surplus.

The supplementary budget increased by 1.554 trillion KRW, which is 25.7% more than the original budget of 6.0495 trillion KRW, making the total budget 7.6035 trillion KRW.

The main expenditure budget includes ▲62.1 billion KRW for current expenses including personnel and operating costs ▲94.5 billion KRW for educational projects ▲301.6 billion KRW for facility projects ▲24.2 billion KRW for contingency and other projects ▲1.0716 trillion KRW for funds.

The budget plan includes ▲13.7 billion KRW for improving conditions for classes and educational activities such as dormitory environment improvement ▲24.1 billion KRW increase in basic school operating expenses and meal operation costs due to inflation ▲2.7 billion KRW for basic academic skills enhancement and education recovery support ▲2.4 billion KRW for career education support ▲4.5 billion KRW for employment competency enhancement and entrepreneurship education operation support, totaling 77 billion KRW.

It also reflects ▲16.5 billion KRW for support of personnel for school quarantine activities in the 1st and 2nd semesters ▲5.2 billion KRW for rapid antigen test tool support, focusing on preventing the resurgence of COVID-19.

For school facility improvements, 288.4 billion KRW will be invested including ▲141.3 billion KRW for school facility environment improvement ▲63.4 billion KRW for new and relocated schools and alleviation of overcrowded classes ▲15.4 billion KRW for school meal environment improvement ▲4.2 billion KRW for student commuting and traffic safety facility improvement ▲38.8 billion KRW for Green Smart Future Schools ▲10.6 billion KRW for seismic reinforcement.

To ensure stable operation of educational finances and consider future education demands, funds of 1.0716 trillion KRW will be established, including ▲710 billion KRW for the Integrated Financial Stabilization Fund ▲361.6 billion KRW for the Educational Facility Environment Improvement Fund.

Superintendent Park said at the provincial council proposal explanation, “The budget plan was prepared with a focus on supporting school curriculum operation for educational recovery, strengthening COVID-19 quarantine support, creating future education and safe educational environments, and establishing funds for stable operation of educational finances.”

This supplementary budget plan will be finally approved after preliminary review by the Education Committee and comprehensive review by the Budget and Accounts Special Committee during the 397th Gyeongnam Provincial Council temporary session held from today until the 26th.

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