Jungnang-gu Submits 1.071 Trillion Won Budget Proposal for 2024

Budget of 1.071 trillion won allocated... Submitted to Jungnang-gu Council on November 17
Funds secured through strategic financial management... Focus on projects enhancing resident convenience
630.4 billion won allocated to social welfare, accounting for 60% of total budget

Jungnang-gu (Mayor Ryu Gyeong-gi) has prepared the 2024 budget at 1.071 trillion KRW and submitted it to the Jungnang-gu Council on November 17.

The next year's budget totals 1.071 trillion KRW, consisting of 1.0515 trillion KRW in the general account and 19.5 billion KRW in the special account, marking a 5.4% increase compared to this year's main budget of 1.162 trillion KRW.

In particular, despite unprecedented revenue declines and difficult financial conditions next year, the goal is to focus on resident benefit projects that improve the quality of life for residents through strategic and efficient financial management.

To this end, the district reviewed all ongoing projects, reorganizing similar and overlapping projects, low-performance projects, and those carried out out of habit, and reduced rigid expenses by up to 30%. Additionally, resources were secured through bold expenditure restructuring such as adjusting project priorities and investment timing, and insufficient funds were actively supplemented by utilizing fund resources.

The budget thus prepared will be actively invested in building a dense welfare service system, strengthening the social safety net, revitalizing the local economy, and reinforcing the foundation for educational development.

Looking at the budget by sector, first, the social welfare sector was allocated a total of 630.4 billion KRW. This is an increase of 62.1 billion KRW from this year's 568.3 billion KRW, accounting for 60% of the total budget. It will expand universal welfare such as basic pensions and livelihood and housing benefits, strengthen welfare for target groups including the elderly, women, childcare, and the disabled, and newly promote specialized projects in Jungnang-gu such as ▲shingles vaccination ▲Jungnang-gu Citizen Healthy Festival ▲creation of a patriotic and veterans memorial space.

Secondly, 12.6 billion KRW will be invested to establish a vibrant economic city foundation. This includes 3 billion KRW for the construction of the Jungnang Fashion Support Center and 1.2 billion KRW for specialized projects in traditional markets and alleyway shopping districts to support the competitiveness of small business owners and local merchants. Additionally, 5.7 billion KRW, an increase of 2 billion KRW from the previous year, will be invested to create quality jobs through the ‘Donghaeng Job’ program.

Next, 90.3 billion KRW was allocated to improve residents' living environments and urban development. This includes ▲2.3 billion KRW for the full-scale promotion of Moa Housing ▲18.9 billion KRW for regional and street cleaning management ▲8.4 billion KRW for the construction of parking lots in Junghwa 2-dong and Hyewon Girls' High School ▲500 million KRW for sewage odor reduction projects ▲700 million KRW for apartment complex support projects ▲500 million KRW for the installation of Manguro design streetlights, aiming to create a residential environment where residents can live comfortably without inconvenience.

To strengthen educational competitiveness and reduce educational disparities, 20.5 billion KRW will be intensively invested. Support for school education expenses will be expanded from 10 billion KRW to 12 billion KRW, and efforts will be made to harmonize nurturing future talents and educational welfare through public meal center operations, eco-friendly meals, and free education support.

The district will also invest 24.5 billion KRW to revitalize the culture and sports sector. This includes ▲2.5 billion KRW for the construction of a complex facility with a parking lot at Myeonmok-dong Library ▲1.2 billion KRW for sports lesson vouchers ▲12.3 billion KRW to support consignment projects in the culture and sports sector such as the Jungnang Cultural Foundation, Jungnang Cultural Center, Facilities Management Corporation, and Sports Council. New projects will also be expanded, such as installing astronomical observation equipment and education at Jungnang Mangwoo Space Sky Garden and supporting the establishment and operation of a women's soccer team.

Furthermore, investment projects for building community centers to meet diverse resident demands will continue. This includes 1.5 billion KRW for the construction of the Jungnang 2nd Media Center and 17.2 billion KRW for the construction of complex community centers in Junghwa 2-dong, Myeonmok 7-dong, and Myeonmok 2-dong.

Additionally, efforts will be made to build resident networks and create conditions for residents to expand participation in district administration through ▲expansion of cooperative schools and residents' autonomy committee operations ▲operation of village vitality centers.

Ryu Gyeong-gi, Mayor of Jungnang-gu, said, “Despite difficult financial conditions this year, we prepared the 2024 budget focusing on strengthening residents' welfare and safety, revitalizing the local economy, and reinforcing the educational foundation. Next year, we will actively promote projects that residents can feel in their daily lives, such as revitalizing the local economy and providing meticulous support to residents in blind spots.”

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