Hapcheon-gun Prepares 751.3 Billion KRW Budget for Next Year... Focus on Realizing Citizen-Centered Administration

Hapcheon County Office, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hapcheon-gun, Gyeongnam Province announced on the 22nd that it has prepared the next year’s budget at a total of 751.3 billion KRW (general account 724.4 billion KRW, special account 26.9 billion KRW), an increase of 76.5 billion KRW (11.33%) compared to the previous year, and submitted it to the county council to realize the vision of the 8th elected administration, “Hopeful Future Hapcheon, Together with the Residents!”

This is the largest initial budget in Hapcheon-gun’s history, marking the beginning of the 700 billion KRW era with the launch of the 8th elected administration.

The next year’s budget was organized focusing on the 8th elected administration’s pledged projects and the four major policy areas of the county government: ▲ Resident-first communication administration ▲ Innovative regional development ▲ Premium leisure tourism city ▲ Accompanying resident welfare.

By sector, the budget was allocated as follows: 141.8 billion KRW for agriculture, forestry, and marine fisheries; 151.3 billion KRW for social welfare; 69.0 billion KRW for land and regional development; 61.2 billion KRW for culture and tourism; 30.7 billion KRW for transportation and logistics; 51.0 billion KRW for public order and safety; and 92.8 billion KRW for environmental protection.

The expenditure budget was rationally and strategically distributed to support the full-scale promotion of the 8th elected administration’s pledged projects and the four major county policies through strong expenditure restructuring to secure investment resources amid the recent difficult domestic and international economic conditions and the government’s reduced spending trend.

County Governor Kim Yoon-cheol said, “Next year is the first full year for the 8th elected administration to implement its projects. Despite the difficult financial situation due to worsening domestic and international economic conditions, we have focused available resources on strategic investments and livelihood projects to help residents in order to recover the local economy and overcome the county’s greatest crisis, local extinction.”

In the third supplementary budget of 2022, Hapcheon-gun also prepared the largest budget ever at 859 billion KRW, an increase of 184.2 billion KRW (27.3%) compared to the previous year, and submitted it to the council, marking the first time the county entered the 800 billion KRW budget era.

The 2023 initial budget and the 2022 third supplementary budget will be finalized after review and resolution at the 269th regular session of the Hapcheon-gun Council.

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