Gwangju Buk-gu Council Approves Next Year's District Budget of 980.3 Billion Won

The Buk-gu Council of Gwangju Metropolitan City has approved the district's budget for next year at 980.3 billion KRW, which is 4.8 billion KRW less than the previous year's main budget.

The Budget and Accounts Committee of the Buk-gu Council announced on the 18th that it approved a revised budget of 980.3 billion KRW, cutting 1.11231 billion KRW from 11 projects out of the proposed 981.4 billion KRW budget for next year.

The major cuts include ▲ 5 million KRW for Council Support Policy Promotion Expenses ▲ 23.1 million KRW for Village Autonomy and Urban Regeneration Center Operation Support ▲ 1 billion KRW for the AI-based Senior Body and Mind Care Platform Construction Project ▲ 14.4 million KRW for Vehicle Support for the Workplace Sports Team (Kendo Team) ▲ 50 million KRW for the 'Yongibong Clean Promotion Center' Construction Project, among others.

In particular, during the review of the budget under the jurisdiction of the Sports and Tourism Department, 14.4 million KRW related to vehicle rental expenses was cut following administrative investigations into the Workplace Sports Team (Kendo Team), which had been criticized for negligent management.

Regarding the fund operation plan, 60 million KRW was cut by reducing four projects under the Hometown Love Fund that were deemed to lack clear purpose.

Go Young-im, Chairperson of the Budget and Accounts Committee, stated, “In an unprecedented situation of decreased tax revenue, unnecessary and non-essential budgets were restrained, prioritizing projects for residents' welfare and future development. We hope the executive branch will strive to ensure that limited resources are efficiently managed through transparent and sound budget execution.”

The budget and fund operation plan will be finalized at the 3rd plenary session of the 2nd regular meeting of the 290th session to be held on the 19th.

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