Gyeonggi Province and Provincial Assembly Agree on Swift Passage of Supplementary Budget Bill on May 12

Gyeonggi Province and the Gyeonggi Provincial Assembly held the first plenary session of the Bipartisan Cooperation Committee on May 12 and reached an agreement on the swift passage of the supplementary budget bill aimed at stabilizing livelihoods.

On this day, Governor Kim Dong-yeon of Gyeonggi Province and the leaders of both the ruling and opposition parties agreed to process the supplementary budget bill promptly so that livelihood support projects can be executed in a timely manner. They jointly signed the "2026 Bipartisan Cooperation Agreement for Livelihood and Economic Recovery."

Governor Kim Dong-yeon stated, "Since its launch with equal representation from both parties, the provincial assembly has consistently demonstrated the spirit of cooperation and bipartisanship, and I believe today marks a successful conclusion to that effort. I am deeply grateful to be able to deliver the good news of this supplementary budget agreement to the residents of Gyeonggi Province."

Gyeonggi Province and the Gyeonggi Provincial Assembly are signing after agreeing on the prompt approval of the first supplementary budget bill of this year at the bipartisan cooperation committee on the 12th. Provided by Gyeonggi Province

Previously, immediately after returning to office on April 20, Governor Kim actively visited the provincial assembly, meeting consecutively with the speaker and party leaders to request the swift passage of the supplementary budget bill. He visited the assembly again on April 30 to renew his request for prompt handling of the bill.

Meanwhile, on April 17, Gyeonggi Province submitted this year’s first supplementary budget bill to the provincial assembly, amounting to a total of 41.6814 trillion won.

This is an increase of 1.6237 trillion won compared to this year’s main budget of 40.0577 trillion won. The supplementary budget was drawn up to support residents whose lives have been impacted by the prolonged Middle East conflict and to help revitalize the local economy.

Gyeonggi Province plans to implement a range of measures, including livelihood support such as high oil price damage relief payments, guaranteeing residents’ mobility rights through expanded metropolitan transfer fare discounts and The Gyeonggi Pass reimbursement, support for farmers and fishers coping with rising fuel costs, and targeted assistance for vulnerable groups falling through the cracks.

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