Damyang-gun Increases 2nd Supplementary Budget by 23.5 Billion Won

4.2% Increase Compared to the 1st Supplementary Budget, Amounting to 589.6 Billion Won

On the 22nd, Damyang-gun, Jeollanam-do announced that it has prepared the 2nd supplementary budget proposal and submitted it to the county council.

With the preparation of the 2nd supplementary budget proposal, this year's budget amounts to 589.6 billion KRW, a 4.2% increase from the 566 billion KRW of the 1st supplementary budget.

Among this, the general account increased by 22.6 billion KRW (4.1%) compared to the 1st supplementary budget, totaling 579.5 billion KRW, and the special account increased by 900 million KRW (10.2%) compared to the 1st supplementary budget, totaling 10 billion KRW.

This supplementary budget proposal reflects expenditure restructuring on projects that cannot be executed within the year due to deteriorating revenue conditions caused by recent poor national and local tax collection performance. It prioritizes urgent current projects such as restoration work in areas damaged by heavy rains, stabilization of people's livelihoods, and revitalization of the local economy.

Major projects by expenditure sector in the general account include ▲ 7.1 billion KRW for agriculture, such as support for eco-friendly certified rice shipment incentives, ▲ 4.5 billion KRW for land and regional development, including small river disaster restoration projects due to heavy rains, ▲ 3.4 billion KRW for industry, small and medium enterprises, and energy sectors, including reconstruction projects for Damyang Market and Changpyeong Market, and ▲ 2.4 billion KRW for transportation and logistics, including the creation of public parking lots.

Additionally, ▲ 1.8 billion KRW for culture and tourism, including the Damyang Santa Festival, ▲ 1.2 billion KRW for social welfare, such as senior job social activity support projects, ▲ 1.1 billion KRW for public order and safety, including emergency disaster restoration projects, and ▲ 3.4 billion KRW for other sectors, including national and local government fund returns, were also added.

A county official stated, "This 2nd supplementary budget proposal was prepared focusing on projects that prioritize the stability of residents' lives despite difficult economic conditions such as the expected decrease in local allocation tax," and added, "Once the budget is finalized, we will strive to carry out the planned projects without any setbacks."

Furthermore, the 2023 2nd supplementary budget proposal submitted to the county council will be reviewed by the Damyang County Council and finally approved at the plenary session on September 8.

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