Guro-gu Prepares 938.8 Billion Won Budget for Next Year... 30 Billion Won Increase

3.3% Increase Compared to This Year, Social Welfare Sector Sees Largest Growth at 11.1%

Guro-gu has prepared a budget proposal for next year amounting to 938.8 billion KRW. This represents a 3.3% increase compared to this year.

The general account is set at 930 billion KRW, an increase of 29.7 billion KRW (3.3%) from the previous year, while the special account is 8.8 billion KRW, up by 0.3 billion KRW (3.91%).

The district explained that due to the economic downturn and worsening economic conditions, local tax revenue in next year’s revenue budget is expected to decrease by 15.8 billion KRW compared to the previous year, and local allocation tax will decrease by 5.2 billion KRW. However, national subsidies increased by 29 billion KRW and city subsidies by 16.6 billion KRW due to government welfare projects aimed at supporting vulnerable groups and socially disadvantaged people.

Despite difficult financial conditions, the district plans to invest resources secured through rigorous expenditure restructuring into six core strategic areas: △Advanced Industrial City △Empathetic and Communicative City △City Good for Studying △Safe and Healthy City △City with Many Jobs △Equally Prosperous City.

By major sectors, the budget is allocated as follows: social welfare 556.3 billion KRW (59.25%), environment 46.9 billion KRW (5%), culture and tourism 33.1 billion KRW (3.53%), land and regional development 24.4 billion KRW (2.6%), health 21.7 billion KRW (2.31%), education 17.1 billion KRW (1.83%), transportation and logistics 21.4 billion KRW (2.28%), industry, small and medium enterprises and energy 10.8 billion KRW (1.15%), and others 150.4 billion KRW (16.02%).

The item with the largest budget increase is the social welfare sector, which rose by 55.6 billion KRW (11.1%) compared to the previous year.

A Guro-gu official stated, “Next year’s budget proposal was carefully prepared to align with the government’s sound fiscal policy and to avoid wasting the precious taxes of our residents. We will make sure that necessary budgets are spent where they are most needed and do our best to ensure smooth implementation of sector-specific pledged projects.”

Meanwhile, the budget proposal submitted to the Guro-gu Council on the 15th will be reviewed at the 322nd regular session of the Guro-gu Council, which will be held from the 27th to December 14th.

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