Yangju City Holds 2026 Budget Formulation Capacity Building Training to Overcome Fiscal Challenges

Yangju City in Gyeonggi Province conducted the "2026 Budget Formulation Capacity Building Training" on September 4 at the Gyeonggi Textile Comprehensive Support Center.

Yangju City conducted the "2026 Budget Formulation Capacity Building Training" on the 4th at the Gyeonggi Textile Comprehensive Support Center. Provided by Yangju City

This training was organized to efficiently utilize limited financial resources and promote a balanced budget formulation in the face of challenging fiscal conditions, such as the economic downturn and a weakening revenue base. It was designed to enhance understanding of overall budget formulation work and to establish a systematic foundation for budget management from the initial planning stage. The training targeted accounting staff from each department.

The training focused on several key topics: the 2026 fiscal outlook for Yangju City and basic guidelines for budget formulation; understanding and preparing gender-responsive budgets and performance plans; and strategies for linking with the medium-term local designation plan. A professional instructor was invited to improve the accuracy and transparency of the budgeting process.

In particular, the training emphasized the need for expenditure restructuring to address repeated errors and shortcomings pointed out by the city council during budget reviews and to respond to limited finances. This includes reducing general administrative expenses, reorganizing similar or overlapping projects, and correcting over-investment projects.

Shim Yoonjung, Director of Planning and Budget, stated, "The more challenging the fiscal environment, the more important meticulous planning becomes. We will use this training as an opportunity to enhance professionalism in budget formulation and realize transparent and efficient financial management."

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