Gyeongnam Provincial Council Budget Special Committee Approves Gyeongnam Province 2nd Supplementary Budget Proposal

12.8694 Trillion Won Revised Budget Passed, 24 Unit Opinions Adopted

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] On the 21st, the Gyeongnam Provincial Council conducted a comprehensive review of the 2022 Gyeongsangnam-do 2nd supplementary budget proposal at the 2nd meeting of the Budget and Accounts Special Committee under the jurisdiction of the provincial government during the 397th extraordinary session, and approved an amended proposal.

The scale of the 2022 Gyeongsangnam-do 2nd supplementary budget proposal is a total of 12.8694 trillion KRW, an increase of 986.5 billion KRW (8.3%) compared to the originally approved budget.

This budget was organized by reflecting the increase in ordinary local allocation tax and local taxes, the 2021 net surplus, changes in central government projects after the 1st supplementary budget, and to focus on supporting key areas such as the governor’s campaign projects following the launch of the 8th local government, improvement of residents’ safety, advancement of core industries, fostering new industries, and expansion of jobs in the livelihood economy sector.

On this day, the Budget and Accounts Special Committee members, based on the preliminary review results from the relevant standing committees, thoroughly examined whether the valuable resources were allocated appropriately by assessing the necessity and adequacy of the projects. As a result of the comprehensive review, they approved an amendment reducing 387 million KRW from three projects and adopted 24 supplementary opinions.

Chairman Yoo Gye-hyun stated, “Although resources are limited, I hope that the projects will proceed smoothly through efficient management, and especially that budgets closely related to residents’ lives, such as those in the livelihood economy sector, will be promptly executed to help revitalize the local economy and stabilize residents’ lives.” He added, “I hope that the various opinions presented by the members will be well reflected in the provincial administration so that benefits can be evenly distributed to the region and residents.”

Meanwhile, the Gyeongsangnam-do 2nd supplementary budget proposal will be finally approved at the 2nd plenary session of the 397th extraordinary session on the 26th.

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