Jeonju City Secures 2.1585 Trillion Won in National Budget for Next Year

Up 56.8 Billion KRW YoY... Over 2 Trillion KRW for 2 Consecutive Years

Jeonju City in Jeollabuk-do secured 2.1585 trillion won in national budget for next year.

According to the city on the 12th, the national budget secured for next year is 56.8 billion won more than this year’s original budget of 2.1017 trillion won, achieving a budget exceeding 2 trillion won for the second consecutive year.

Jeonju City secured 2.1585 trillion won in national budget for next year. Photo by Jeonju City

This achievement was made under more unfavorable conditions than ever, including the government’s ▲increase due to the continued sound fiscal policy and suppression of new projects ▲the National Assembly’s decision to reduce the government budget amid complex political situations, resulting in none of the local governments’ requests for increased projects being reflected.

By sector, the city secured ▲489.3 billion won for metropolitan and urban sectors ▲646.2 billion won for economic and industrial sectors ▲139.7 billion won for culture and tourism sectors ▲883.2 billion won for welfare and social safety net sectors.

In particular, the city secured budgets for large-scale projects such as strengthening the competitiveness of aging key industrial complexes and the maintenance of Jeonjucheon (section upgraded to a national river), as well as new projects including hosting the 2025 Jeonju Drone Soccer World Cup, laying a solid foundation to build a new Jeonju that will leap forward as a strong economic city leading metropolitan urban infrastructure and future new industries.

Although the national budget secured for these new projects in the first year, next year, is only 48.1 billion won, a total of 624.7 billion won in national funds is expected to be invested annually thereafter, providing a strong foundation for Jeonju to transform into a metropolitan city of one million and a strong economic city.

Looking at next year’s budget by sector, first, for projects responding to regional coexistence metropolitan urban living zones and social structure and environmental changes, the city secured new budgets such as ▲maintenance of Jeonjucheon (section upgraded to a national river) (2 billion won) ▲strengthening competitiveness of aging key industrial complexes (10.2 billion won) ▲designation of pilot area for education development special zone (3 billion won), enabling expansion of sustainable future city infrastructure.

It also secured ongoing project funds for building a new mega city foundation in the local era, including ▲improvement of Jeonju Station (8 billion won) ▲construction of an athletics stadium (2.7 billion won) ▲construction of Girindaero BRT (10 billion won).

The city secured new budgets for future growth engines by advancing next-generation new growth industries through drone, carbon, and bio industries, including ▲‘2025 Jeonju Drone Soccer World Cup’ (3 billion won) for global expansion of drone soccer ▲‘Carbon Product Standard and Certification Total Solution Infrastructure’ (500 million won) to secure product reliability and strengthen competitiveness through various quality certifications ▲‘Global Innovative Medical Technology Demonstration Support Center’ (1.2 billion won) to support technology development in the carbon material-based medical device industry.

Lee Kang-jun, Director of Planning and Coordination Office of Jeonju City, said, “It is true that securing the national budget this year left much to be desired as the increase at the National Assembly stage was not reflected, but to resolve this, we will actively respond to next year’s government supplementary budget and public contest projects to additionally secure budgets for projects that were not reflected this time.”

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