Gyeonggi Office of Education's Budget for Next Year Set at 21.9939 Trillion Won... 340.6 Billion Won Less Than This Year
The Gyeonggi Provincial Office of Education has prepared the 2024 Gyeonggi Provincial Education Special Account revenue and expenditure budget of 21.9939 trillion won and submitted it to the Gyeonggi Provincial Council on the 2nd.
This amount is 340.6 billion won (1.52%) less than this year's original budget of 22.3345 trillion won. The reduction in budget size is due to a decrease in revenue caused by the economic downturn.
The main revenue sources include 17.323 trillion won from central government transfers, including general and special grants, 3.5521 trillion won from local government transfers, and 218.8 billion won from self-generated income and carryover funds. Compared to this year, central government transfers decreased by 696.5 billion won, local government transfers by 75.7 billion won, and self-generated income and carryover funds by 468.4 billion won.
However, 900 billion won out of the 1.2 trillion won facility fund was used to mitigate the impact of the revenue decline.
Major expenditure projects for next year include ▲ improvement of educational environment and facility safety with 1.3743 trillion won ▲ new construction and expansion of schools with 1.0384 trillion won ▲ support for the Nuri Curriculum with 1.0067 trillion won ▲ school meal operations with 763.9 billion won ▲ alleviation of overcrowded classes and large schools and support for student commuting with 450.3 billion won ▲ basic local government education cooperation projects with 78.4 billion won ▲ improvement of school sports facilities and support for school sports activation with 77.9 billion won, among others.
In particular, despite the overall budget reduction compared to the previous year, the special education support budget was increased by 50 billion won to 95.4 billion won. This budget will be used for additional deployment of special education instructors and other purposes.
Additionally, 4.5 billion won will be allocated to support projects for protecting teachers' rights. Of this, 2 billion won will be used as litigation costs to support teachers involved in lawsuits during educational activities.
Other allocations include ▲ 194.7 billion won for academic achievement improvement using edutech ▲ 68.1 billion won for integrated operation of childcare center meal expenses and others ▲ 22.8 billion won for regional education cooperation platforms ▲ 9.2 billion won for educational support for children of multicultural families and North Korean defectors ▲ 4.6 billion won for International Baccalaureate operation, among others.
Seo Hye-jeong, Policy Planning Officer of the Provincial Office of Education, explained, "This budget proposal was prepared focusing on key educational projects to strengthen school education capacity linked to the Gyeonggi Education Basic Plan, which is promoted under the principles of autonomy, balance, and future orientation, and on strengthening financial management autonomy tailored to the conditions and circumstances of the educational field."
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This budget proposal will be reviewed at the plenary session of the Provincial Council scheduled for the 7th.
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