Namyangju City Submits 1st Supplementary Budget Proposal... Expanding Investment in Livelihood, Safety, and Future City

Increased by 165.1 Billion KRW, Total Budget Reaches 2.4371 Trillion KRW...
7.3% Rise Compared to Original Budget
Mayor Joo Gwangdeok: "We Will Restore the Livelihood Economy, Create a Safe Urban Environment, and Secure Growth Engines"

Namyangju City, Gyeonggi Province (Mayor Joo Gwang-deok) announced on the 14th that it submitted the first supplementary budget of this year, amounting to 165.1 billion KRW, to the city council on the 4th.

Joo Gwang-deok, Mayor of Namyangju City. Namyangju City Government

Accordingly, Namyangju City's budget for this year is expected to increase to 2.4371 trillion KRW, a 7.3% rise compared to the original budget.

By account type, the general account was organized at 2.1674 trillion KRW, an increase of 113.4 billion KRW, and the special account was set at 269.7 billion KRW, an increase of 51.7 billion KRW.

This supplementary budget focuses on regional economic recovery, strengthening urban safety nets, and laying the foundation for future growth.

First, a total of 15.4 billion KRW was allocated for the recovery of the livelihood economy.

Key items include △ expanding the Namyangju Love Gift Certificate incentive by 10% (9.3 billion KRW) △ supporting opportunity income for farmers and fishermen (2.1 billion KRW) △ improving the business environment for companies (900 million KRW) △ revitalizing traditional markets and shopping districts (300 million KRW), among others. The city plans to revitalize local commercial areas and ease the burden on the working-class economy through these measures.

The budget for strengthening the urban safety net was set at 18.4 billion KRW. Specifically, it includes △ maintenance and management of rivers and park facilities (8.1 billion KRW) △ maintenance of road environments (6.1 billion KRW) △ improvement of walking environments on school routes (2.7 billion KRW) △ installation of vehicle entry blocking facilities during floods (1.5 billion KRW), among others.

Additionally, the city invested 14.6 billion KRW in the transportation sector, including △ metropolitan railway operation (9.8 billion KRW) △ metropolitan transportation improvement by the Metropolitan Area Transport Committee (1.3 billion KRW), and allocated 12.9 billion KRW for urban development and maintenance, including △ Jinjeop Palyari urban regeneration project (4 billion KRW) △ creation of Maseok neighborhood park (3 billion KRW).

283 billion KRW was also allocated for expanding sports and cultural infrastructure. Major projects include △ construction of Pyeongnae Sports and Culture Center (5 billion KRW) △ creation of Funground Sudong (2.5 billion KRW) △ establishment of the Cultural Foundation and relocation of the local cultural center (1.5 billion KRW), among others.

In the welfare sector, a total of 24.8 billion KRW will be invested, including △ basic pension and elderly care benefits (23.3 billion KRW) △ support for infant and toddler childcare fees (1.1 billion KRW), aiming to eliminate welfare blind spots and strengthen the welfare system across life cycles.

Mayor Joo Gwang-deok said, "This supplementary budget will serve as a solid financial foundation for the recovery of the livelihood economy and the realization of the city's future vision. We will continue to do our best in budget management to improve citizens' quality of life and ensure sustainable urban growth."

The first supplementary budget will be reviewed and approved at the 311th Namyangju City Council extraordinary session, held from the 14th to the 23rd.

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