Nonsan City Announces Fiscal Disclosure for This Year... Budget Reaches 1.1872 Trillion Won

Self-generated Revenue of 105.2 Billion Won,
Transferred Funds of 822.5 Billion Won, and More

Nonsan City Hall Exterior View

Nonsan City, Chungnam Province, announced on the 4th that it has disclosed the details of its fiscal transparency for this year's budget year.

The city published information such as the scale of revenue and expenditure budgets, fiscal independence ratio, mid-term local fiscal plan, status of resident participation budget projects, and the allocation of local subsidies on the city hall website.

According to the data, the city's 2025 fiscal budget amounts to 1.1872 trillion won. The breakdown of the general account revenue budget is as follows: ▲ local taxes and non-tax revenue (self-generated revenue) 105.2 billion won ▲ transfers such as local allocation tax and subsidies 822.5 billion won ▲ internal transactions such as reserve income 60.1 billion won.

In addition, the amounts of local allocation tax and national/provincial subsidies increased by 17.5 billion won and 8.7 billion won respectively, resulting in an overall increase of approximately 26.2 billion won (3%) compared to the previous year.

The city also secured a 50 million won incentive in local allocation tax after winning the Minister's Award in the field of revenue increase in local finance last year.

A city official said, "We will continue to make every effort to increase revenue through active budget acquisition and maintain sound city finances through systematic project expenditure management."

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