Jung-gu, Seoul, Submits the 2nd Supplementary Budget Proposal for 2023 to the Council
Despite Difficult Financial Conditions Such as Decreased Tax Revenue, Budget Focused on Fulfilling Promises to Residents Including Senior Transportation Expenses
Prioritizing Support for Childbirth and Childcare, Welfare for Vulnerable Groups, and Coverage of Public Utility Price Increases
Jung-gu, Seoul (Mayor Kim Gil-seong) has prepared the second supplementary budget proposal for this year and submitted it to the district council to fulfill promises made to residents and enhance resident welfare.
The scale of this supplementary budget is a total of 17.7 billion KRW, with 12.5 billion KRW in the general account and 5.2 billion KRW in the special account.
Amid an expected decrease in tax revenue of 25.6 billion KRW due to this year’s decline in officially announced land prices affecting property tax, the revenue budget proposal reflects a net surplus of 17.3 billion KRW from the 2022 fiscal year settlement and 17.4 billion KRW in carryover funds from the previous year.
Additionally, about 2 billion KRW was boldly reduced by adjusting budgets expected to remain unexecuted during the year and restructuring projects, securing minimal supplementary budget resources.
This supplementary budget proposal focuses on supporting vulnerable groups such as seniors and persons with disabilities, housing environment improvement projects, and reflecting increases in public utility fees.
In particular, to fulfill promises made to residents, it includes ▲5.7 billion KRW for establishing a system to support senior transportation expenses and ▲4.7 billion KRW for expanding childbirth and childcare support payments.
Furthermore, funds are allocated for urban redevelopment projects including ▲130 million KRW for public support to directly establish the redevelopment association in the Jungnim-dong 398 area and ▲150 million KRW for a feasibility study on private investment for a public office building in Hoehyeon-dong.
To support socially disadvantaged groups, the budget includes ▲350 million KRW for senior job creation and social activity support, ▲65 million KRW for heating and cooling costs and grain support at senior centers, and ▲66 million KRW for developmental rehabilitation services for persons with disabilities.
Other allocations to address low birth rates include ▲270 million KRW for supporting infertile couples and ▲35 million KRW for Seoul-style childcare support. For safety-related budgets, it includes ▲98 million KRW for subscribing to fire insurance for traditional markets and ▲39 million KRW for essential personnel costs to operate the disaster situation room 24 hours a day.
In the special account budget, there is also ▲450 million KRW for installing an elevator at Beoti public parking lot.
The district stated that despite difficult financial conditions such as decreased property tax revenue, it has boldly reduced unnecessary parts of the existing 2023 budget and carefully considered what projects are absolutely necessary for residents in preparing the budget proposal.
The budget proposal was submitted to the Jung-gu Council on May 31 and will be finalized after approval at the plenary session in early July.
Mayor Kim Gil-seong of Jung-gu said, "When the budget for 'senior transportation expense support,' which was cut by the council during the 2023 main budget review and has been long awaited, is finalized, we plan to promptly implement it so that residents can feel the benefits."
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