Gyeonggi Mayors and Governors Association Submits Joint Petition to Ease Financial Burden of Consumption Coupon Project

Of the 13.9 Trillion Won Budget, 1.7 Trillion Requires Local Government Matching Funds
Gyeonggi-do Urges to Shoulder Local Burden First, Considering Cities and Counties' Financial Difficulties

The Gyeonggi-do Mayors and County Governors Association (Chairman: Namyangju Mayor Joo Kwangdeok) delivered a joint petition to Gyeonggi-do on July 9, requesting a relaxation of the city and county financial contributions to ensure the smooth promotion of the "Livelihood Recovery Consumption Coupon" project.

The Gyeonggi-do Mayors and County Governors Association delivered a joint petition to Gyeonggi-do on the 9th, requesting a relaxation of the city and county financial contributions to ensure the smooth promotion of the "Livelihood Recovery Consumption Coupon" project. Provided by Namyangju City

This petition was initiated to ensure that government policies for the recovery of the local economy can be operated stably by minimizing the financial burden on cities and counties.

Previously, the government announced the "Livelihood Recovery Consumption Coupon" project, which provides support funds to all citizens in the following amounts per person, in one or two rounds: 150,000 won for the top 10% income group, 250,000 won for the general public, 400,000 won for single-parent and lower-income families, and 500,000 won for basic livelihood security recipients.

The total budget for the project is 13.9 trillion won, of which 1.7 trillion won requires matching funds from local governments. The specific cost-sharing ratio between Gyeonggi-do and the cities and counties has not yet been determined.

Through this joint petition, the association recommended that Gyeonggi-do should take into account the difficult financial situation of the cities and counties and cover the entire local matching fund portion first. If it is inevitably difficult for Gyeonggi-do to cover the full amount, the association strongly demanded that Gyeonggi-do at least cover more than 50% of the local matching funds.

Additionally, the association requested that the administrative workload of the cities and counties, which must actually implement and operate the consumption coupon program, be considered so that the financial burden is not excessively shifted onto them.

Joo Kwangdeok, Chairman of the Gyeonggi-do Mayors and County Governors Association, stated, "The Livelihood Recovery Consumption Coupon is a meaningful policy that can stimulate local consumption and help restore sales for small business owners. Therefore, Gyeonggi-do should actively step forward to ensure that cities and counties can implement it without excessive financial burden. An appropriate cost-sharing structure must be established to enhance the effectiveness and tangible impact of the policy."

He added, "The association will continue to reflect the positions of the cities and counties in the joint promotion of policies for the stability of residents' lives and strengthen the cooperative system with Gyeonggi-do."

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