Despite Government Fiscal Tightening, Additional 698.4 Billion KRW Secured in National Budget

Park Wan-su, Governor of Gyeongnam Province, is presiding over the meeting of department and bureau heads. [Image source=Gyeongnam Provincial Government]

Park Wan-su, Governor of Gyeongnam Province, is presiding over the meeting of department and bureau heads. [Image source=Gyeongnam Provincial Government]

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[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] “Over the past six months since the launch of the 8th elected administration, we have achieved results through the passion and efforts of public officials to meet the expectations of the residents.”


Park Wan-su, Governor of Gyeongnam Province, encouraged those gathered at the meeting of heads of offices and bureaus on the 26th.


Governor Park explained, “Contrary to the government’s plan to tighten next year’s budget, Gyeongnam secured 8.7157 trillion won in national funds, an increase of 698.4 billion won compared to last year.”


He added, “We must now strive to secure more national funds tailored to regional characteristics so that the outcomes can be concluded as originally planned.”


According to the province, Gyeongnam, in cooperation with local lawmakers, continuously persuaded the government to secure budgets essential for regional development, resulting in an additional 74.2 billion won in national funds during the National Assembly’s review stage.


The additional national funds cover 50 items, including 300 million won for a feasibility study on improving private investment roads, 240 million won for establishing a comprehensive support center for the nuclear industry, and 200 million won for a feasibility study on establishing a defense parts research institute.


Governor Park reported that at the general meeting of the Council of Governors held on the 23rd, discussions continued on lifting development restrictions, expanding autonomous organizational rights, and transferring functions of special local administrative agencies to local governments, which will be jointly pursued.


He emphasized, “All local governments except those in the metropolitan area agree on lifting development restrictions, which will accelerate the process. We are discussing this jointly with Busan City, and we must concretely prepare countermeasures to propose alternatives to the Ministry of Land, Infrastructure and Transport.”


He also mentioned the government’s tourism industry promotion plan aiming to attract 35 million visitors by 2032 by creating a “Korean-style Cancun.”


Governor Park ordered, “Gyeongnam, which borders the southern coast, must be thoroughly prepared from now on to be included in the government’s plan and receive support.”


“We must respond swiftly to new administrative demands by reflecting various needs including job competency development and cultivation of qualities, and by expanding educational and training institutions. Establish a comprehensive plan for next year’s public official education and training,” he also instructed.


He directed a thorough inspection of various facilities managed by provincial affiliated organizations and investment and donation institutions, as well as early containment of the spread of highly pathogenic avian influenza (AI).



On this day, Governor Park reflected on the past six months since his inauguration, saying, “Next year, let us present a new vision of Gyeongnam provincial administration to the residents and work together to develop Gyeongnam into a land of opportunity.”


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

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