Mokpo City, 2023 Budget Set at 949.9 Billion Won

[Mokpo=Asia Economy Honam Reporting Headquarters Reporter Jeong Hyeong-seok] Mokpo City, Jeollanam-do announced on the 18th that it has prepared the 2023 budget at 949.9 billion KRW and submitted it to the city council.

The next year's budget increased by a total of 59.8 billion KRW, which is 6.72% more than this year's original budget. The general account was set at 859.4 billion KRW, an increase of 52.9 billion KRW (6.56%), and the special account was set at 90.5 billion KRW, an increase of 6.9 billion KRW (8.29%).

The city structured next year's budget focusing on current projects such as preparing for the National Sports Festival and revitalizing the local economy through youth job creation.

By sector, with the expansion of universal welfare, the social welfare sector amounts to 388.4 billion KRW, including basic pension (69.4 billion KRW), disability pension (8.5 billion KRW), child allowance (13.1 billion KRW), and parental allowance (7.9 billion KRW), accounting for 45.2% of the general account.

In the job creation sector, budgets were allocated for senior citizen jobs and social activity support (13.5 billion KRW), public work projects (4.9 billion KRW), disability job support projects (4.4 billion KRW), youth startup support utilizing the 4th industrial revolution (1 billion KRW), regional community job support projects (800 million KRW), new middle-aged career-type jobs (800 million KRW), social enterprise promotion (700 million KRW), and Mokpo-style startup youth job plus support (500 million KRW).

In the education sector, budgets were allocated to improve the educational environment, including free meals support for elementary, middle, and high schools (7.3 billion KRW), eco-friendly food material support (6.4 billion KRW), 100-won bus service for elementary, middle, and high school students (2 billion KRW), free school uniform support for new middle and high school students (800 million KRW), and establishment of educational infrastructure at the Mokpo Smart Talent Education Center (500 million KRW).

To lay the foundation for stay-type tourism infrastructure linked with the marine cable car, the budget includes the Dancing Sea Fountain function improvement (4.5 billion KRW), tourism hub city development project (11.8 billion KRW), cultural city creation project (3 billion KRW), and Yonghae ecological experience facility construction (1.4 billion KRW).

For urban infrastructure expansion, budgets were allocated for urban planning (firefighting) road construction (5.3 billion KRW), 2023 Mokpo urban management plan establishment service (1.5 billion KRW), bicycle road maintenance (1.4 billion KRW), and hazardous road structure improvement between the indoor gymnasium and Samhyang-dong community center (200 million KRW).

Additionally, budgets were set for clean water supply, including old water pipe network maintenance (7.6 billion KRW) and Namak sewage treatment plant expansion (1.3 billion KRW), and for disaster prevention improvements such as Imseong district natural disaster area maintenance (3.3 billion KRW), Yeonsan and Sanjeong district steep slope collapse risk area maintenance (1.8 billion KRW), and coastal road drainage pump station underwater pump replacement (1 billion KRW).

To restore local commercial districts, enhance citizen safety and welfare, and resolve inconveniences, budgets were allocated for electric vehicle distribution projects (6 billion KRW), issuance of Mokpo Love gift certificates (3.9 billion KRW), and public parking lot construction (2.5 billion KRW).

Furthermore, the budget includes 10.2 billion KRW for the construction of the Mokpo Comprehensive Stadium in preparation for the 2023 National Sports Festival, 5.5 billion KRW for renovation of the Mokpo Indoor Swimming Pool, and budgets for current projects such as the Fishing Village New Deal 300 Project (4.5 billion KRW), the 4th Comprehensive Island Development (4.2 billion KRW), Seosandong Borimadang Urban Regeneration New Deal Project (3.2 billion KRW), industrial complex complex cultural center construction (1.5 billion KRW), and electric propulsion car ferry and mobile power supply system development project (600 million KRW).

Mayor Park Hong-ryul of Mokpo said, “Although finances are difficult due to worsening domestic and international economic conditions, we have prepared the budget focusing on the recovery of the livelihood economy and local current projects. We will operate city finances efficiently so that citizens can feel the changes.”

Meanwhile, the submitted 2023 original budget proposal will begin with a proposal explanation at the 3rd plenary session of the Mokpo City Council on the 30th, followed by council deliberation, and will be finalized on the 19th of next month.

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