Kim Dongyeon Praises Lee Jaemyung Administration's Budget as "Model of Fiscal Policy"

Governor Kim Dongyeon of Gyeonggi Province gave high praise to the first budget proposal of the Lee Jaemyung administration, stating that it "demonstrated the fundamentals of fiscal policy."

On September 3, Governor Kim wrote on his social media, "(This budget of the Lee Jaemyung administration) will create a virtuous cycle in which proactive fiscal spending to support economic recovery and growth also secures mid- to long-term fiscal soundness." He added, "It is also notable that this budget strengthens the responsibilities of Korea as an entrepreneurial state and a welfare state."

He continued, "By boldly expanding investments in artificial intelligence and semiconductors, a breakthrough has been created that could transform the landscape of our economy," and added, "This is a warm-hearted budget that also reinforces the foundations of people's livelihoods, such as local gift certificates and integrated care."

Governor Kim Dongyeon of Gyeonggi Province posted a message and photo on his social media on the 3rd.

Furthermore, he stated, "This has laid the groundwork for expanding the innovation safety net," and analyzed, "It is also a 'normalization' budget that restores the role and responsibility of fiscal policy."

He also remarked, "During the Yoon Sukyeol administration, the central government cut the budget for local currency while Gyeonggi Province independently increased it," and expressed his expectations by saying, "Now, instead of going against the current, we have established a foundation to move forward together."

Additionally, he said, "The Gyeonggi RE100 initiative, which was introduced for the first time in the country, will also gain momentum," and predicted, "The AI-based digital hub independently established by Gyeonggi Province will shine even brighter."

Governor Kim stated, "Now it is time to tackle the backlog of tasks," and declared, "As the heart of Korea's future industries and the most advanced testbed for livelihood policies, Gyeonggi Province will prove the government's blueprint through tangible results on the ground."

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