Goseong-gun Confirms Next Year's Budget at 684.2 Billion Won... Pledge Projects to Begin in Earnest

Goseong County Office, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] The initial budget for 2023 in Goseong-gun, Gyeongnam Province, was finalized on the 20th at 684.2 billion KRW, an increase of 29 billion KRW (4.42%) compared to the previous year.

The general account stands at 614.3 billion KRW, up 39.8 billion KRW (6.93%) from this year's 574.5 billion KRW, while the special account decreased by 10.8 billion KRW (13.43%) from this year's 80.7 billion KRW to 69.9 billion KRW.

This is analyzed as a result of securing 246.7 billion KRW in national and provincial subsidies through proactive administrative efforts despite difficult revenue conditions.

The county stated, "Although 2023 is expected to face difficulties in investment, employment, and domestic and international economic conditions, we have focused the budget on projects that can promote livelihood stability and regional economic revitalization through reduction of current expenses and bold restructuring, as well as on the pledges of the 8th local government administration."

County Governor Lee Sang-geun said, "In a situation where the economy is deteriorating and finances are difficult, we have allocated the budget in various ways to recover the local economy and overcome the crisis of local extinction. We have expanded next year's budget to reflect diverse opinions from residents' communication meetings and will do our best to restore the livelihood economy through prompt execution."

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