Jeonnam Province Prepares 12.5436 Trillion Won Budget Proposal for 2025

A Budget of 12.2462 Trillion Won This Year,
Increased by 2.4%... To Be Finalized on the 12th of Next Month

Jang Heon-beom, Director of the Planning and Coordination Office, is holding a press briefing on the 2025 budget proposal at the press room on the morning of the 11th. Photo by Jeonnam Province

Jeollanam-do announced on the 11th that it has prepared a 2025 budget plan worth 12.5436 trillion won and submitted it to the Jeonnam Provincial Council.

This is an increase of 297.4 billion won (2.4%) compared to this year's main budget (12.2462 trillion won). The general account increased by 366.6 billion won (3.8%) to 9.9622 trillion won, the special account increased by 29.8 billion won (2.7%) to 1.1386 trillion won, and the fund decreased by 99 billion won (6.4%) to 1.4428 trillion won.

Jeonnam Province plans to open the "Now is the Jeonnam Era" by focusing on ▲population transformation ▲livelihood recovery ▲warm happy community ▲future 100-year food industry development to proactively respond to the risk of regional extinction and alleviate difficulties in the livelihood economy amid worsening domestic and international economic conditions.

In particular, despite difficult financial conditions, resources were secured through strong expenditure restructuring, such as drastically reducing long-term SOC projects, similar or overlapping, and annually repeated projects to ensure that the budget is invested where it is most needed.

Key projects by sector include the "Population Transformation Project," which reflects 5.8 billion won for Jeonnam Province birth basic allowance, 500 million won for establishing an integrated platform for pregnancy, childbirth, and childcare, and 100 million won for operating Jeonnam-type care daycare centers to create an environment favorable for having and raising children. To make Jeonnam a better place for youth to live, 16 billion won was allocated for Jeonnam-type 10,000 won housing, 2.5 billion won for the youth monthly rent temporary special support project, and 18.2 billion won for supporting young farmers' settlement in farming.

In the "Livelihood Recovery" sector, to stabilize the management of small business owners and SMEs, 12.8 billion won was allocated for SME management stabilization funds, 5.5 billion won for interest support on small business funds, 1.6 billion won for special support funds, 2.8 billion won for the Jeonnam future innovation industry fund, 600 million won for design development support for small businesses and traditional market shopping districts, and 500 million won for fostering global startups. To invigorate the regional economy, 3.7 billion won was allocated for the 2025 Namdo International Gourmet Industry Expo, 500 million won for the 6th Island Day, and 4.5 billion won for the 2026 Yeosu World Island Expo (total support expanded from the initial 1.9 billion to 14.7 billion won).

In the "Warm Happy Community Jeonnam" sector, to support vulnerable groups in difficulty, 15.8 billion won was allocated for senior centers' heating and cooling costs and grain support projects, and 2.3 billion won for meal support for children from low-income families during school vacations. To support cultural, welfare, and medical marginalized groups, 900 million won was allocated for rural visiting doctor buses, 360 million won for public night and late-night pharmacy operation support, 300 million won for security personnel wages at emergency medical institutions in vulnerable areas, and 6 billion won for the women farmers and fishers happiness voucher project.

In the "Future 100-Year Food Industry Development" sector, to establish a green energy new industry base, 13 billion won was allocated for the construction of the Yeosu Myodo LNG terminal, 2.3 billion won for the Jeonnam smart green industrial complex promotion project, and 400 million won for the Jeonnam RE100 activation support project.

Jang Heon-beom, Director of Planning and Coordination at Jeonnam Province, said, "We prioritized livelihood recovery to revive the historically difficult regional economy and improve the quality of life for residents," adding, "We will do our best to provide new opportunities to residents and open the 'Now is the Jeonnam Era.'"

The 2025 budget plan submitted by Jeonnam Province is expected to be finalized at the plenary session on December 12 after review by each standing committee of the 386th Jeonnam Provincial Council and the Budget and Accounts Special Committee.

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