Gimpo City Council Passes KRW 33.1 Billion Supplementary Budget for "Livelihood Stability"... High Oil Price Relief Fund Set for Swift Distribution

On May 13, the Gimpo City Council in Gyeonggi Province (Chairman Kim Jonghyuk, hereinafter referred to as the City Council) convened its 267th extraordinary session and processed agenda items submitted by Gimpo City, including the second supplementary budget bill for 2026. This extraordinary session was held as a one-point session to alleviate the financial burden on citizens and support livelihood stability amid external economic crises such as high oil prices and inflation.

Panorama of Gimpo City Council. Provided by Gimpo City Council

The second supplementary budget bill submitted by Gimpo City was organized mainly around the provision of a KRW 33.1 billion "High Oil Price Damage Relief Fund." The City Council, recognizing the urgency of the relief fund to ease the real-life burden on citizens caused by high oil prices and to support livelihood stability, focused on reviewing the supplementary budget to ensure the prompt and smooth distribution of the relief fund.

In addition, the Council moved quickly to review and ensure that the budget for livelihood projects directly linked to citizens' daily lives would be implemented in the field in a timely manner. As the budget bill includes highly relevant projects such as the "Temporary Climate Companion Card Payback" to alleviate transportation costs due to high oil prices, agricultural road improvement works to ensure citizen safety, and support projects for farmers affected by pests and abnormal weather, the City Council prioritized livelihood stability and comprehensively reviewed the urgency and effectiveness of each project.

After reviews by each standing committee and the Special Budget and Accounts Committee, the City Council passed the supplementary budget bill in its original form, taking into comprehensive consideration the urgency of the budget allocation and its effectiveness in stabilizing citizens' lives during the review process.

Chairman Kim Jonghyuk stated, "We passed the supplementary budget bill in its original form after comprehensively considering its urgency and necessity for high oil price damage relief and livelihood stability," and urged, "We ask the executive branch to make every effort to ensure that the relief fund and livelihood project budgets are executed swiftly after the budget is finalized, so they can provide tangible assistance to the stability of citizens' lives."

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