Gyeonggi-do's First Supplementary Budget of 37.1744 Trillion Won Passed This Year

Gyeonggi Province Governor Kim Dong-yeon is attending the Gyeonggi Provincial Assembly's extraordinary session on the 23rd to explain the first supplementary budget proposal.

The first supplementary budget of 37.1744 trillion KRW for Gyeonggi Province has passed the Gyeonggi Provincial Assembly.

On the 23rd, Gyeonggi Province announced that the supplementary budget proposal of 37.1744 trillion KRW, which is 1.0534 trillion KRW (2.9%) more than this year's original budget of 36.121 trillion KRW, was approved at the plenary session of the Provincial Assembly.

Key projects include livelihood recovery efforts through support for vulnerable groups and small business owners, such as ▲1.355 billion KRW for existing housing rental and Happy Housing construction ▲146 million KRW for temporary youth monthly rent support ▲25.9 billion KRW for housing benefits ▲20.8 billion KRW for long-term care facilities and home care benefits for the elderly ▲33.9 billion KRW for local currency issuance ▲1 billion KRW for Yellow Umbrella subscription support ▲2 billion KRW for losses at the provincial medical center.

Additionally, to enhance residents' convenience, the budget includes 5.1 billion KRW for climate action opportunity income, 1.4 billion KRW for crop and livestock disaster insurance subscription support, 19.9 billion KRW for school meal support for kindergarten, elementary, middle, and high schools, 68.6 billion KRW for THE Gyeonggi Pass, 12.6 billion KRW for Gyeonggi Province public bus operation support, and 2.9 billion KRW for additional buses during commuting hours.

Furthermore, to revitalize the local economy through the completion of social overhead capital (SOC) and timely investment, the budget allocates 51.9 billion KRW for national and local road projects, 23.9 billion KRW for local river maintenance and flood-prone area improvement projects, 16.1 billion KRW for the GTX-A line (Paju to Samsung) railway construction projects totaling 17.1 billion KRW, and 4.4 billion KRW for relocating the Gyeonggi Fire and Disaster Headquarters.

Notably, 152.4 billion KRW for land acquisition cost refunds to expedite the public project of K-Culture Valley, which was canceled in June, is also included in this supplementary budget.

Governor Kim Dong-yeon attended the 378th extraordinary session of the Provincial Assembly on the day and stated, "In a situation where many residents are going through difficult times due to the ongoing economic downturn and hardships in daily life, the role of local governments closest to the livelihood field is more important than ever." He promised, "The approved precious budget will be executed swiftly and efficiently to ensure that practical benefits are evenly and quickly delivered to each and every resident."

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