Nonsan City Allocates 139.1 Billion Won in 1st Supplementary Budget... Focus on Current Projects and More
On the 10th, Nonsan City in Chungnam announced that it has prepared an additional supplementary budget of 139.1 billion KRW for the first time this year and submitted it to the city council.
The budget amounts to 1.2079 trillion KRW, an increase of 139.1 billion KRW (13.02%) from the original 1.0688 trillion KRW. The general account is 1.1115 trillion KRW, and the special account is 96.4 billion KRW.
The city plans to focus investments to strengthen tourism competitiveness by reflecting project costs to activate the complex cultural tourism project centered on Tapjeongho Lake, and to contribute to revitalizing the local economy by increasing budgets related to agriculture and sports.
The major projects include △37 billion KRW for the Tapjeongho Resort Complex Development Project △1.7 billion KRW for the Tapjeongho Adventure Kids Park, Mulbit Garden, and Ecological Exploration Trail Development Project service fees △1.5 billion KRW for the Smart Farm Complex Development Project △2 billion KRW for modernization of the livestock auction market to strengthen regional livestock competitiveness △2 billion KRW for compensation and service fees for the construction of a multipurpose sports park △2.2 billion KRW for support in issuing Nonsan Love Local Currency △2.2 billion KRW for the Baekje Military Museum AI Children's Imagination Playground △4.3 billion KRW for maintenance of local and small rivers, among others.
A city official said, "Despite tight fiscal conditions, we have maximized the budget for urgent projects for the era of citizen happiness in the 8th elected term and for revitalizing the local economy through efficient budget management by investment timing," adding, "Once the budget is approved and finalized, we plan to promptly execute the planned projects without delay."
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The additional supplementary budget is scheduled to be finalized on the 28th after review at the 1st regular session of the 255th Nonsan City Council starting on the 17th.
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