Yeongam-gun, 779.5 Billion KRW Allocated in the 2nd Supplementary Budget Proposal

Yeongam County Office

[Asia Economy Honam Reporting Headquarters Reporter Lee Jun-kyung] Yeongam County announced on the 24th that it has prepared the "2nd Supplementary Budget for Revenue and Expenditure" totaling 779.5 billion KRW and submitted it to the county council.

This amount is an increase of 96.2 billion KRW compared to the 1st supplementary budget of 683.3 billion KRW, and it was prepared to finalize project costs changed after the national supplementary budget formulation and local pending projects.

By account type, the general account increased by 91.4 billion KRW to 705.3 billion KRW compared to the 1st supplementary budget of 613.9 billion KRW, the public enterprise special account increased by 3.9 billion KRW to 63.6 billion KRW, and the other special accounts increased by 900 million KRW to 10.6 billion KRW through expenditure restructuring.

By function, among 13 sectors, the agriculture, forestry, marine, and fisheries sector accounted for 187.5 billion KRW, social welfare and health sector 151 billion KRW, environment sector 98.9 billion KRW, and land and regional development sector 81.5 billion KRW in order.

This supplementary budget includes 2.7 billion KRW for rice management stabilization measures, 3.9 billion KRW for fertilizer price stabilization support, 2.8 billion KRW for eco-friendly agricultural complex incentives, 2.7 billion KRW for agricultural tax-free fuel purchases, 2 billion KRW for the basic public interest direct payment system, 1.4 billion KRW for crop disaster insurance premiums, and 1.1 billion KRW for income stabilization support for farms restricted due to livestock infectious disease movement, all aimed at stabilizing agriculture.

Additionally, 2.3 billion KRW for living support expenses and 1.1 billion KRW for emergency living support funds for low-income households were included to assist residents facing difficulties due to COVID-19.

To promote regional revitalization and advance pending projects, 7 billion KRW was allocated for the Yeongam city gas supply project, 1.5 billion KRW for city gas supply facility installation support, and 4.7 billion KRW for the Gyodong district urban development project.

A county official stated, "This supplementary budget focuses on securing fiscal soundness and efficiency by reflecting local pending projects."

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