Gwangyang City Council Approves 2023 Main Budget of 1.1933 Trillion Won

Budget Committee Approves Reduction of 4.832 Billion Won

[Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik] The Gwangyang City Council in Jeollanam-do announced on the 16th that the Budget and Accounts Special Committee (Chairman Song Jae-cheon) held its 2nd meeting and approved the 2023 budget proposed by the Mayor of Gwangyang at 1.1933 trillion KRW.

On that day, the Budget and Accounts Committee cut a total of 4.832 billion KRW from 35 items during the review of the 2023 main budget proposal.

Looking into the details of the cuts, 300 million KRW was cut from the feasibility study for the Admiral Yi Sun-sin iron statue, 158 million KRW from service projects such as the cultural arts promotion plan, establishment of the cultural arts foundation, and construction of the cultural center, 60 million KRW from the operation expenses of the environmental education center, 1.08 billion KRW from the restoration of the Hapgang urban ecological axis in Gwangyang-eup, 353 million KRW from the creation of the Mangdeok Port cafe street, food trucks, and snack zone, and 50 million KRW from the food content service project in Mangdeok Port Food Town, all of which were fully cut.

Additionally, 9.9 million KRW was partially cut from the welfare foundation contribution excluding minimum expenses, 140 million KRW from the service project for the construction of County Road No. 6 (Okgok Okryong~Okgok Supyeong), and 100 million KRW from the expansion construction service project for County Road No. 11 (Gulbakseu~Samjeongji) section.

The Budget and Accounts Special Committee issued supplementary opinions along with the resolution, emphasizing thorough review of promotion plans at the project planning stage, preparation of systematic operation plans, and strict compliance with administrative procedures.

The 2023 main budget review was evaluated as more in-depth than ever, sharing reports using PPT from related departments on key issues such as the feasibility study for the Admiral Yi Sun-sin iron statue, and receiving additional explanations from the directors.

Chairman Song Jae-cheon of the Budget and Accounts Committee said, “In this era of high interest rates and high prices, we focused on efficient and strategic allocation of financial resources to stabilize people’s livelihoods, carefully reviewing whether there are any unnecessary or populist budgets.”

Meanwhile, Gwangyang City’s 2023 main budget will be finally approved at the 3rd plenary session on the 21st.

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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