"Grab National Funds"... Ulsan City and National Assembly Members' Council Join Forces

First Budget Policy Meeting of the Year Held on the 10th

Sharing Key Project Issues, Seeking Joint Strategies

Ulsan City and local members of the National Assembly are joining forces to secure national funding for next year.

Ulsan City announced that on the 10th at 4 p.m., it will hold the ‘2023 Budget Policy Council’ at the Glad Hotel in Yeouido, Seoul, to secure the 2024 national budget and promote local pending projects.

This meeting was organized to maximize the amount of national funding secured in next year’s central government budget ahead of the deadline for reviewing each ministry’s budget proposals at the end of May.

From Ulsan City, Mayor Kim Doo-gyeom, along with the Deputy Mayor, Deputy Mayor for Economic Affairs, Director of Planning and Coordination Office, and heads of major project departments will attend.

From the National Assembly members’ council, five local lawmakers are expected to attend: Kim Ki-hyun (Chairman, Nam-gu Eul), Lee Chae-ik (Nam-gu Gap), Park Sung-min (Jung-gu), Kwon Myung-ho (Dong-gu), and Seo Beom-su (Ulju-gun).

At the meeting, Mayor Kim Doo-gyeom plans to explain to the local lawmakers the scale of budget requests to central ministries and the progress made in securing national funds so far, and to engage in in-depth discussions on strategies for 25 national fund projects and resolving local issues.

As of the end of April, the budget requests to central ministries total 826 cases amounting to 2.6625 trillion won, which is 122.5 billion won more than last year’s 2.54 trillion won.

Ulsan City will report on and seek ways to secure funding for key issues such as ▲Establishment of an underground pipeline field safety management system in Ulsan National Industrial Complex ▲Comprehensive maintenance project for flood and wind disaster living zones in Seosaeng District ▲Expansion and relocation of the startup hub space at Ulsan Creative Economy Innovation Center ▲Construction of a hydrogen construction and industrial machinery evaluation platform ▲Support project for training specialized personnel in marine mobility ▲Opening of access roads to the Ulsan KTX station area general industrial complex ▲Customized integrated river projects ▲Expansion of Beomseo (Ulju) to Gyeongju city boundary (National Road No. 14) ▲Creation of a Ulsan-style living garden city.

Additionally, for 11 local pending projects such as ▲Rational adjustment of development restriction zones ▲Designation of candidate sites for Ulsan National Advanced Industrial Complex ▲Designation of a national advanced strategic industry (secondary battery) specialized complex ▲Additional designation of Ulsan Free Economic Zone ▲Strengthening special benefits (tax reductions, etc.) for advanced investment zones, solutions will be sought and support and cooperation at the National Assembly level will be requested.

Mayor Kim Doo-gyeom of Ulsan said, “Since the direction of next year’s budget formulation will continue to adhere to a sound fiscal policy, it is important to ensure that the wishes of our citizens are reflected as much as possible in the central government’s budget proposals. We will work closely with local lawmakers in line with the review stages of the central ministries’ proposals to proactively respond and make every effort to secure sufficient budget.”

Each ministry’s budget proposal must be submitted to the Ministry of Economy and Finance by May 31, and the Ministry will review the proposals over three months from June to August before finalizing the government budget plan.

Ulsan City Hall.

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