Boseong-gun Confirms First Supplementary Budget of 686 Billion Won in 8th Elected Term... Aiming for 800 Billion by Year-End

Focus on Restoring the Livelihood Economy: 96.4 Billion Won Increase

[Boseong=Asia Economy Honam Reporting Headquarters, Reporter Park Cheon-seok] On the 25th, Jeonnam Boseong-gun announced that it finalized the first supplementary budget on the 22nd, increasing it by 96.4 billion KRW compared to the original budget, totaling 686 billion KRW.

This supplementary budget was prepared focusing on supporting small business owners and farmers suffering from the triple hardships of prolonged COVID-19, recent high oil prices, high interest rates, and high inflation, as well as revitalizing the local economy and stabilizing people's livelihoods through key county government projects.

Major projects for economic recovery and livelihood stabilization include ▲31 billion KRW for COVID-19 quarantine living expenses support ▲1.4 billion KRW for temporary emergency living support for low-income households ▲2.8 billion KRW for discount issuance of Boseong Love Gift Certificates ▲100 million KRW for support of quarantine supplies for small business owners.

To expand jobs, an additional 600 million KRW was allocated to job creation-related areas such as the Jeonnam Youth Startup Support Project.

In particular, 4 billion KRW was allocated to the development of the second agricultural industrial complex, which is expected to increase local residents' income and expand employment.

To prevent various disasters and accidents caused by climate change, 4.6 billion KRW was allocated for natural disaster risk zone maintenance projects, 4.6 billion KRW for small stream maintenance and river upkeep, 700 million KRW for Boseong urban flood drainage maintenance, and 2.6 billion KRW for reservoir reinforcement and repair.

Additionally, 300 million KRW was newly allocated for drought countermeasures and well development projects to ensure the safety of county residents.

Policies to stabilize the income base of agricultural and livestock households, which form the foundation of the low-income economy, were actively reflected in the supplementary budget.

To reduce agricultural production costs, 2.9 billion KRW was allocated for fertilizer price stabilization support and 1.5 billion KRW for agricultural tax-free fuel support.

For disaster preparedness, 1.3 billion KRW was allocated for crop disaster insurance support, 2.3 billion KRW for eco-friendly agriculture infrastructure projects, 700 million KRW for food crop joint management facility equipment support, and 200 million KRW additionally for forage machinery and equipment support.

86 billion KRW was invested to expand agricultural infrastructure to improve the living conditions of local residents. This includes 4.5 billion KRW for irrigation and drainage channel maintenance, 1.1 billion KRW for village road paving, 500 million KRW for soil channel structuring, 800 million KRW for farm road paving, 800 million KRW for agricultural infrastructure management, and 900 million KRW for road network expansion and maintenance such as rural roads.

Major projects of the 8th civilian administration include an increase of 2 billion KRW for the Urban Regeneration New Deal Project (certified project), 1 billion KRW for the Mundeok-myeon basic living base, 3 billion KRW for Beolgyo-eup rural central revitalization project, 2.6 billion KRW for marine mudflat ecological network construction and trail creation, 6.5 billion KRW for the Fishing Village New Deal 300 Project (5 locations), and 1.5 billion KRW for the improvement of the Hoicheon baseball stadium usage environment.

Kim Cheol-woo, Governor of Boseong-gun, said, "Amid the ongoing COVID-19 situation, we prepared the supplementary budget simultaneously with the launch of the 8th civilian administration to alleviate the suffering of ordinary people struggling with recent price increases and local economic downturn." He added, "We will protect the stable living foundation of the residents and complete a more developed Boseong-gun."

Boseong=Asia Economy Honam Reporting Headquarters, Reporter Park Cheon-seok hss79@asiae.co.kr

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