Sejong City Sets Next Year’s Budget at 2.083 Trillion Won

Expansion of Economic and Cultural Infrastructure for a Future Strategic Capital
Focus on Welfare for Vulnerable Groups, Local Economic Revitalization, Safety, and Administrative Services

Minho Choi, Mayor of Sejong City, is announcing the budget plan for the next year on the 3rd. Photo by Planning and Coordination Office Budget Officer

"While maintaining a policy of fiscal austerity, we will ensure that essential projects for citizens can proceed, and to this end, we will actively manage our finances by making full use of all available resources. We have proactively allocated funds for projects that are absolutely necessary to expand the foundation for Sejong as a future strategic capital, strengthen welfare for vulnerable groups, revive the local economy, and ensure citizen safety. I would also like to emphasize that, prior to budgeting, we made efforts to minimize unnecessary spending by boldly restructuring and eliminating non-essential projects."

Minho Choi, Mayor of Sejong City, made these remarks while announcing the city's budget plan for the next year.

The budget for Sejong City for the next year has been set at 2.083 trillion won, an increase of 101.3 billion won (5.1%) compared to this year's main budget of 1.9816 trillion won.

In broad terms, the budget has been allocated for establishing Sejong as a future strategic capital, strengthening welfare for vulnerable groups, revitalizing the local economy, expanding cultural and sports infrastructure, and supporting the development of agriculture and livestock. Funds have also been set aside for making the city safer for citizens and expanding administrative service facilities. The proposed budget was submitted to the Sejong City Council on October 31, and after deliberation starting on November 11, it will be finalized on December 15.

Mayor Choi stated, "Even in a challenging fiscal environment, we have worked to prepare for the city's future and include only the most essential expenditures," adding, "We have focused the budget on critical areas such as urban infrastructure, revitalizing the local economy, and social welfare."

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