Yongin City Submits 2nd Supplementary Budget Proposal... 10.6% Increase Compared to Original Budget

Allocation of 3.5568 Trillion Won Focused on Disaster Prevention, Recovery, and Public Livelihood Stability

Yongin City in Gyeonggi Province announced on the 30th that it has submitted the “2023 2nd Supplementary Budget Proposal,” which reflects increased allocations for public livelihood stabilization, disaster prevention, and damage recovery, to the city council.

The supplementary budget proposed by the city amounts to 3.5568 trillion KRW, an increase of 342.1 billion KRW (10.64%) compared to this year’s original budget of 3.2147 trillion KRW. The final approval of this supplementary budget will be made at the city council’s extraordinary session starting on the 8th of next month.

Compared to the 1st supplementary budget, the general account increased by 133.8 billion KRW to 3.0875 trillion KRW, and the special account rose by 29.9 billion KRW to 469.3 billion KRW, the city explained.

By category, the budget includes 11 billion KRW for three livelihood stabilization projects: local currency issuance support (6.4 billion KRW), basic living security livelihood benefits (3.2 billion KRW), and Youth Tomorrow Savings Account (1.4 billion KRW).

Additionally, 22.4 billion KRW was allocated for 47 projects related to disaster prevention and damage recovery, including river and sewage facility maintenance (6.4 billion KRW), road facility maintenance (3.7 billion KRW), bridge and landscape maintenance (3.4 billion KRW), and tunnel, soundproofing facilities, and underground road maintenance (8.9 billion KRW).

The supplementary budget also includes 11.8 billion KRW for 13 national and provincial government-funded projects, such as the construction of Daedeoksa Traditional Complex Cultural Experience Center (4.6 billion KRW), smart tourism city development (1.9 billion KRW), digital twin land pilot project (1.4 billion KRW), and installation of entrance blocking facilities at Sanghyeon-dong underground road among 10 special grant projects (3.9 billion KRW).

The city also incorporated 15.5 billion KRW for four major projects: construction of Dongbaek 3-dong Administrative Welfare Center (5 billion KRW), creation of Yeokbuk 2 Neighborhood Park (9 billion KRW), expansion of U-turn lanes from Seoyongin IC to Samga Intersection (1.3 billion KRW), and feasibility study for the construction of Cheoin District Office (150 million KRW). Additionally, 21.5 billion KRW for road development and 46 billion KRW for returned national and provincial funds were included in the supplementary budget.

A city official stated, “If the 2nd supplementary budget is approved by the council, it is expected to contribute to stabilizing the livelihood economy and ensuring citizens’ safety through disaster prevention.” He added, “The budget allocation was balanced to advance the city’s key projects and build living infrastructure.”