Gyeongnam Provincial Assembly Budget Committee Approves Original Supplementary Budget of 7.7312 Trillion KRW for Provincial Office of Education

The Special Committee on Budget Settlement under the jurisdiction of the Gyeongnam Provincial Council and the Office of Education was held.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] The supplementary budget proposal of the Gyeongnam Office of Education was approved by the Provincial Council's Budget and Accounts Special Committee on the 22nd.

The Provincial Council's Education Office Budget and Accounts Special Committee conducted a comprehensive review of the 2022 Gyeongnam Provincial Education Special Account 2nd supplementary budget proposal and the fund operation plan amendment.

This supplementary budget proposal was submitted at 7.7312 trillion KRW, an increase of 127.7 billion KRW from the original budget of 7.6035 trillion KRW.

According to the Provincial Council, a 300 billion KRW Education Facility Environment Improvement Fund was established by reflecting the special grants provided by the government and reducing the remaining balances of projects expected to be unused due to COVID-19 and other factors.

All members of the Budget and Accounts Committee attending the meeting approved the original proposal after adopting one supplementary opinion.

The supplementary opinion stated that cutting continuing expense projects that span several years in the supplementary budget and re-establishing them in next year's main budget does not align with the purpose of continuing expense budgeting and causes inefficiency in budget allocation and administrative resource waste.

The committee members urged the Office of Education to pay closer attention to ensuring that finances are managed stably and efficiently in the future.

This supplementary budget proposal is scheduled to be finally approved at the 3rd plenary session of the 400th meeting on the 23rd.

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