Gangwon Provincial Council Budget Committee Begins Review of 8.3731 Trillion Won Budget Proposal

Review of 2026 Budget Proposal and Third Supplementary Budget for 2025 Begins
Until the 4th: Focus on Livelihood Stability, Fiscal Soundness, and Inefficient Budget Allocations

The Gangwon Special Self-Governing Province Council's Budget and Accounts Special Committee (hereinafter referred to as the Budget Committee, chaired by Choi Seungsoon) will conduct a full review of the final supplementary budget for 2025 and the budget for 2026 from December 1 to 4.

The Gangwon Special Self-Governing Province Council's Budget and Accounts Special Committee (hereinafter referred to as the Budget Committee, chaired by Choi Seungsoon) will conduct a full review of the final supplementary budget for 2025 and the budget for 2026 from the 1st to the 4th. Provided by Gangwon Provincial Council

The 2026 budget proposal submitted by Gangwon Special Self-Governing Province amounts to 8.3731 trillion won, an increase of 567.2 billion won (7.27%) compared to this year's budget of 7.8059 trillion won.

The budget consists of 744.63 billion won in the general account and 926.761 billion won in the special account. The main sources of funding are national subsidies, ordinary grants, and increased local tax revenue. Major allocations include: 455.8 billion won for fostering future strategic industries, 2.3944 trillion won for revitalizing the local economy, and 3.2661 trillion won for welfare, veterans, and public healthcare sectors.

Key projects include: 17.8 billion won for fostering the semiconductor industry, 232.3 billion won for job creation, 83.9 billion won for supporting small and medium-sized enterprises and small business owners, 296.1 billion won for road and river maintenance, and 243.6 billion won for essential medical services.

Choi Seungsoon, chair of the Budget Committee, stated, "As representatives of the residents, we will conduct a thorough review," adding, "While I understand the intent behind the executive branch's budget planning, what matters most is the safety and livelihood stability of our residents, as well as the creation of future jobs. We will focus on ensuring that necessary funds are allocated where needed, and will closely scrutinize budgets that are not urgent, especially those that are inefficient and repeatedly allocated on an annual basis."

He also emphasized, "We will fully respect the results of the standing committee's review and examine the budget meticulously from the perspective of our residents."

The 2026 budget proposal and the third supplementary budget for 2025, which have been submitted, are scheduled to undergo a comprehensive review by the Budget Committee and will be put to a final vote at the plenary session on December 12.

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