Gwanak-gu Confirms 67.3 Billion KRW for the 2023 First Supplementary Budget

Focus on Livelihood Economic Recovery and Disaster Safety Preparedness
Final Approval of 67.3 Billion KRW for the First 2023 Supplementary Budget on the 12th
Emphasis on Revitalizing Local Economy, Resolving Resident Inconveniences, Enhancing Safety, and Supporting Community Welfare

Gwanak-gu (Mayor Park Jun-hee) confirmed an additional supplementary budget of 67.3 billion KRW for 2023 on the 12th, following deliberation by the Gwanak-gu Council. As a result, the district's total budget for this year has increased by 6.6% compared to the original budget, reaching 1.0824 trillion KRW.

In anticipation of a significant decrease in tax revenue due to the decline in real estate official prices this year, the district prioritized sound fiscal management and allocated the budget focusing on areas that are practically necessary for residents: ▲ revitalization of the local economy ▲ resolution of residents' inconveniences and enhancement of safety ▲ support for community welfare.

First, to support the recovery of the contracted livelihood economy, the district allocated an additional 5.4 billion KRW to accelerate the realization of the core value of the 8th elected administration, ‘Together Economy.’

The district plans to build a robust local economic foundation by supporting small business owners and residents facing economic difficulties through ▲ public job support (1.39 billion KRW) ▲ Gwanak-style Artterior project (500 million KRW) ▲ Gwanak Love Gift Certificates and Sillim Station Commercial Area Recovery Special Gift Certificates (920 million KRW) ▲ establishment of a small and medium enterprise development fund (2 billion KRW).

Additionally, to eliminate residents' inconveniences and create a pleasant urban environment, the district will also invest in ▲ maintenance and management of parks, streets, and green belts (1.59 billion KRW) ▲ maintenance of hazardous facilities and trees in forests (100 million KRW).

In particular, to alleviate residents' anxiety heightened by recent violent crimes, the district plans to make every effort to ensure residents' safe living by securing a total of ▲ forest trail safety guards operation (530 million KRW) ▲ support for safety equipment (90 million KRW) ▲ creation of Safe Sillim (60 million KRW) ▲ disaster management fund (5 billion KRW).

Furthermore, in line with the increasing demand for welfare, the district secured budgets for ▲ postpartum care expenses (820 million KRW) ▲ livelihood and housing benefits (1 billion KRW) ▲ child meal support (100 million KRW) ▲ youth challenge support projects (50 million KRW) ▲ prevention of solitary deaths projects (50 million KRW) ▲ maintenance and management of senior centers (500 million KRW), and plans to spare no support to provide customized welfare services tailored to each life cycle.

Mayor Park Jun-hee stated, “Considering the difficult financial conditions, this supplementary budget was boldly streamlined by removing unnecessary projects and focusing on essential ones. We will swiftly execute the allocated budget so that residents can immediately feel the effects of policies in their daily lives by concentrating all administrative efforts.”

Meanwhile, as a result of focusing on securing external resources for the successful implementation of pledged projects, the district continues to maintain the ‘1 trillion KRW budget era’ based on the settlement. Gwanak-gu will continue to strive to produce tangible results that residents can clearly feel, with ‘innovation, communication, and cooperation’ as its core principles.

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