Seongnam City Sets Next Year's Main Budget at 3.4406 Trillion Won, 5.4% Increase from This Year

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province has prepared a main budget of 3.4406 trillion won for next year. This is an increase of 5.4% compared to this year.

Seongnam City announced on the 8th that it submitted the next year's main budget proposal totaling 3.4406 trillion won to the city council, consisting of 2.8702 trillion won in the general account and 570.4 billion won in the special account. This is 176.7 billion won (5.4%) more than this year's main budget of 3.2639 trillion won.

By sector, the largest allocation of 1.1629 trillion won was assigned to social welfare, including support for acquiring certifications for youth employment (10 billion won), honors and support for national veterans (10.4 billion won), construction of Wirye and Pangyo Daejang Comprehensive Social Welfare Centers (10.1 billion won), and construction of welfare centers for the disabled and youth training centers (17.3 billion won).

In addition, 277.1 billion won was allocated to transportation and logistics, 212.1 billion won to land and regional development, 81.4 billion won to industry, small and medium enterprises, and energy, and 65.6 billion won to education.

A city official explained, "The next year's budget was prepared focusing on creating a 4th industrial revolution special city and promoting local economic revitalization, including the development of Pangyo Content Street, establishment of a medical big data platform, and construction of the Metacity Seongnam digital twin."

This main budget proposal will be reviewed at the city council regular session held from the 21st of this month to the 19th of next month.

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