Goryeong-gun, 440.7 Billion KRW Budget Plan for Next Year Formulated

2.25%↑ from This Year, Stable Promotion of Key Projects in the 8th Local Government Term and Performance-Oriented Budgeting

Goryeong-gun, Gyeongbuk Province, has prepared a 2024 initial budget proposal of 440.7 billion KRW (general account 425.5 billion KRW, special account 15.2 billion KRW), an increase of 9.7 billion KRW (2.25%) compared to the previous year, and submitted it to the county council.

Goryeong County Office.

The next year's budget proposal was prepared focusing on revitalizing the local economy and stabilizing people's livelihoods through strategic allocation of resources by strong expenditure restructuring while maintaining the government's sound fiscal policy amid difficult domestic and international conditions such as unstable international affairs, high oil prices, high interest rates, and high inflation, which have led to a decrease in national tax revenue. In particular, bold investments were made in the population, youth, and investment attraction sectors to successfully promote the '5?5?5 Project' to overcome the crisis of local extinction, a pledge project of the 8th local government administration, to restore the stagnated region's dynamism.

County Governor Lee Nam-cheol stated, "The year 2024 is the second initial budget of the 8th local government administration to realize 'Young Goryeong! Strong Goryeong!' We have allocated the budget to necessary areas, including key projects for the stable promotion of pledged projects promised to the residents, while focusing on sound fiscal management and performance-oriented budgeting through selective and concentrated expenditure restructuring."

The 2024 budget proposal submitted by Goryeong-gun will be reviewed and approved during the regular session of the county council starting from November 28 and will be finalized on December 15.

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