Seongnam City Submits Supplementary Budget of 299.3 Billion Won to City Council

Seongnam City Hall

Seongnam City in Gyeonggi Province has prepared and submitted a second supplementary budget for this year amounting to 299.3 billion KRW to the city council. As a result, Seongnam City's budget for this year will increase by 8.1%, from 3.712 trillion KRW to 4.0113 trillion KRW. This supplementary budget will be discussed at the ‘Seongnam City Council 293rd Session 1st Regular Meeting’ scheduled for the 3rd of next month.

Key projects include ▲ Construction of a youth-friendly beautiful street in Seongnam High-Tech Valley (3.5 billion KRW) ▲ Establishment and operation of a Seongnam-type autonomous driving-based mobility platform (3 billion KRW) ▲ Creation of a multipurpose complex cultural and arts space on the site of the Gumi-dong sewage treatment plant (700 million KRW) ▲ Preliminary feasibility study for the new Baekhyeon MICE Station (500 million KRW) ▲ Construction of a premium Tancheon River for citizens (1.4 billion KRW), among others.

Additionally, for customized welfare support projects, the budget reflects ▲ An increase of 30,000 KRW per month in the national merit honor allowance for those aged 65 and older (1.3 billion KRW) ▲ Increased number of seniors aged 70 and above receiving up to 230,000 KRW annually for bus fares (2.9 billion KRW) ▲ A 20,000 KRW monthly increase in actual expense compensation for participants in the Environmental Guardians project (190 million KRW) ▲ Increased operational support due to the expansion of the Hae-nim Dal-nim Playground (650 million KRW), among others.

Other inclusions are support funds for daycare center innovation programs (200 million KRW), system establishment and operation costs for bus fare support for disabled persons using low-floor buses (463 million KRW), and installation and operation costs for two additional simple rest shelters for mobile workers (170 million KRW).

A Seongnam City official explained, "We prepared this supplementary budget using resources such as a special grant of 100 million KRW secured by being selected as the best local government in the second half of last year's local finance execution evaluation, national and provincial subsidies amounting to 52.8 billion KRW, and a net surplus of 142.6 billion KRW, to support the 8th term mayoral pledges, major pending issues, and citizen-tailored welfare."

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