Gyeonggi Province and Provincial Council to Include 400 Billion Won 'Cooperation Budget' in Next Year's Proposal

Gyeonggi Province and the Gyeonggi Provincial Council will allocate a cooperation budget of approximately 400 billion won across five sectors, including local economic recovery and the strengthening of transportation welfare, in next year's budget proposal.

The two institutions have also agreed, centering on the Ruling and Opposition Parties' Cooperation Committee, to prepare improvements to the special adjustment grant system, accelerating cooperation between them.

The 'Ruling and Opposition Parties' Cooperation Committee,' a communication and cooperation body between Gyeonggi Province and the Gyeonggi Provincial Council, held the '1st Full Meeting of the Ruling and Opposition Parties' Cooperation Committee for 2025' at the Provincial Council's Yedamchae on the 4th, signing the '2026 Main Budget Cooperation Budget Agreement and Special Adjustment Grant System Improvement Agreement' containing these details.

The agreement states that the two institutions will include a total cooperation budget of 400 billion won in next year's main budget across five sectors: local economic recovery, the creation of a warm welfare environment, the strengthening of transportation welfare, the fostering of innovative industries, and resident safety and prevention projects.

In addition, Gyeonggi Province and the Gyeonggi Provincial Council agreed to prepare improvements to the special adjustment grant system with the Ruling and Opposition Parties' Cooperation Committee at the center, and to operate the system based on the principle of mutual respect.

Gyeonggi Province and the Gyeonggi Provincial Council held the 1st Full Meeting of the Ruling and Opposition Parties' Cooperation Committee on the 4th at the Provincial Council's Yedamchae and agreed to reflect a cooperation budget of 400 billion won in next year's budget. Provided by Gyeonggi Province

In his remarks, Governor Kim Dongyeon said, "We launched the Ruling and Opposition Parties' Cooperation Committee last August, and I am truly grateful to see such a positive outcome. As the new administration begins, we are facing various transitions, and I believe Gyeonggi Province is setting a good example by demonstrating cooperation first."

He continued, "Today's outcome is important, but I place great significance on the fact that we have come this far through dialogue, gradually broadening our perspectives and making concessions along the way. I promise that we will continue to work together in line with the direction and philosophy of cooperation."

Kim Jinkyung, Chairperson of the Gyeonggi Provincial Council, said, "I find it very meaningful that the council and the executive branch have reached a mutually beneficial agreement ahead of the 2026 budget proposal. Our discussion today, focused solely on the public's livelihood, is appropriate. The Gyeonggi Provincial Council will continue to move forward with responsible politics for the residents throughout our term."

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