Hongcheon County Submits Second Supplementary Budget Proposal for 2025 Totaling 952.2 Billion Won

Second Supplementary Budget for 2025 Increases by 76.5 Billion Won Compared to First Round
Focus on Tangible Investments for Residents Amid Challenging Fiscal Conditions

Hongcheon County in Gangwon Province (Governor Shin Youngjae) announced on September 3 that it has prepared the second supplementary budget proposal for 2025, totaling 952.2 billion won, and submitted it to the Hongcheon County Council on September 2. This represents an increase of 76.5 billion won (8.74%) compared to the first supplementary budget of 875.7 billion won.

A view of Hongcheon County Office. Provided by Hongcheon County.

The main sources of funding for this supplementary budget include 20.6 billion won in national and provincial subsidies, 57.6 billion won in surplus funds from the previous fiscal year, and a portion of the Integrated Fiscal Stabilization Fund, which was set aside for efficient resource management. Despite challenging revenue conditions, the county allocated resources with a focus on investments that residents can directly feel, such as stabilizing daily life, improving living convenience, and boosting the local economy, while maintaining a sound fiscal policy.

The second supplementary budget proposal allocates 41.5 billion won for economic revitalization, including stimulating consumption and promoting investment, and 25.8 billion won for stabilizing livelihoods, including support for vulnerable groups and small business owners.

Major projects in the economic revitalization sector include 19.3 billion won for consumer coupons to support livelihood recovery, 1.6 billion won for the repair and improvement of agricultural infrastructure, 2.9 billion won for the construction and maintenance of county and rural roads, 2.5 billion won for river maintenance, 3.0 billion won for the development of urban planning roads, and 1.6 billion won for the expansion of the drainage pipeline in Yashidae-ri, Hwacheon-myeon.

Key projects in the livelihood stabilization sector include 2.4 billion won for the expansion of smart city solutions, 5.5 billion won for public sports facilities, 2.5 billion won for stabilizing the lives and supporting the activities of vulnerable groups, 100 million won for establishing a free rural bus system for youth, and 15.1 billion won for other living convenience facility projects.

Shin Youngjae, Governor of Hongcheon County, stated, "This second supplementary budget focuses on supporting projects that residents can directly feel," adding, "Through a balanced allocation of funds for economic revitalization and livelihood stabilization, we will achieve tangible results that our residents can experience."

This supplementary budget proposal will be finalized at the plenary session on September 12 after being reviewed during the 362nd temporary session of the Hongcheon County Council, which will be held from September 8 to 12.

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