Yeongdeungpo-gu Allocates 138.3 Billion KRW in Supplementary Budget... Focusing on Garden City and Supporting the Vulnerable

Expansion of Support for Socially Vulnerable, Creation of Quotas, and Skillful Financial Management Focused on Infrastructure Expansion
(Hope Budget) Implementing a Welfare City Where Everyone from Children to Seniors Is Happy
(Happiness Budget) Expanding Social Safety Nets and Green Living Areas for a Pleasant and Safe Daily Life
(Future Budget) Establishing Integrated Job Support Centers and Expanding Public Infrastructure

Yeongdeungpo-gu (District Mayor Choi Ho-kwon) announced that it has allocated only the necessary budget to implement a “Happy Welfare City Yeongdeungpo for All, Young City Yeongdeungpo” by focusing on the people’s livelihood economy and life-centered administration in relation to this year’s first supplementary budget (supplementary budget).

The district has prepared and submitted to the district council the first supplementary budget bill of 138.3 billion won for this year, which accounts for about 15% of this year’s budget (905.4 billion won). If passed as originally proposed, the total budget for this year will be 1.0437 trillion won.

This supplementary budget focuses on “strengthening protection for vulnerable groups” to accompany the socially disadvantaged, “expanding social safety nets” to protect the lives and property of residents, and “creating a garden city” and “expanding public facility infrastructure” for everyday happiness.

Looking at the main directions by sector, they are ▲ “Hope Budget” (7.5 billion won) for realizing a welfare city ▲ “Happiness Budget” (4.4 billion won) for a pleasant and safe daily life ▲ “Future Budget” (73.5 billion won) for creating a “Young City Yeongdeungpo.”

◆ ‘Hope Budget’ for Realizing a Welfare City

To create a “Yeongdeungpo where both parents and children are happy,” 5.4 billion won was invested in expanding the number of infertility treatment support for couples and abolishing age-differentiated support (1.757 billion won), parental allowance (1.684 billion won), infant care fees (873 million won), and home childcare allowance (229 million won).

Customized welfare for beneficiaries will be expanded. A total of 2.1 billion won will be supported for AI and IoT-based senior health management (115 million won), lifelong education vouchers for the disabled (112 million won), and the Mind Investment Support Project (460 million won).

◆ ‘Happiness Budget’ for a Pleasant and Safe Daily Life

Yeongdeungpo, an old downtown area with rust dust, will be transformed into an “urban garden, culture, health and healing city.” A total of 1.4 billion won is allocated for creating a strip green rainwater garden (400 million won), operating a companion plant clinic (50 million won), park and garden cultural events (30 million won), and garden culture center programs (30 million won).

The “social safety net” for a safe and comfortable urban environment for all residents will be expanded. To prevent flood damage, 1.9 billion won will be invested in installing continuous rainwater inlets (800 million won) and flood prevention facilities for underground houses (850 million won). In addition, 1.2 billion won will be supported for expanding security CCTV for improving living environments (200 million won), repairing defective concrete manholes (242 million won), and improving pedestrian environments around schools (213 million won).

◆ ‘Future Budget’ for Creating a ‘Young City Yeongdeungpo’

Finally, efforts will be made to prepare measures for the people’s livelihood economy. Projects include establishing an “Integrated Job Support Center” that provides private and public job recruitment information (323 million won) and improving the working environment of small manufacturing businesses in five major urban industries such as machinery metal and garment sewing (755 million won).

In addition, 73.5 billion won will be invested in raising funds for the government office building (50 billion won) and expanding public facility infrastructure (22.4 billion won) to continue efforts to create a “Young City Yeongdeungpo.”

The supplementary budget resources were prepared from the net surplus from the 2023 fiscal year settlement, national and city subsidies, and remaining subsidy balances. This supplementary budget bill is scheduled to be finalized on June 27 after review and resolution at the first regular session of the Yeongdeungpo District Council starting June 12.

Choi Ho-kwon, Mayor of Yeongdeungpo-gu, said, “This supplementary budget focuses on protecting socially vulnerable groups, strengthening urban competitiveness, and efficient financial management, and was prepared mainly for necessary and urgent projects for residents. Once the supplementary budget is finalized, we will promptly proceed with projects to continue challenges and innovations to create a young and premium city Yeongdeungpo where jobs, housing, culture, and green spaces harmonize.”

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