Jung-gu, 4.1 Billion Won Allocated in Third Supplementary Budget This Year

41 Billion Won Allocated in the 3rd Supplementary Budget Proposal, Expected to be Finalized After Plenary Session Approval in October
Focus on Reflecting Timely Budget Despite Difficult Fiscal Conditions Due to Revenue Decline
Implementation of Senior Transportation Support Project Within the Year, Measures Prepared for Closure of Seoul Baek Hospital

Jung-gu, Seoul (District Mayor Kim Gil-seong) has prepared the 3rd supplementary budget proposal. This is to devise measures for district issues and fulfill promises made to residents within the year.

The scale of the 3rd supplementary budget proposal is a total of 4.1 billion KRW, consisting of 3.9 billion KRW in the general account and 190 million KRW in the special parking lot account. This budget proposal was submitted to the district council on the 4th and is expected to be finalized after the plenary session resolution in October.

With this year's official property prices falling and property tax significantly decreasing, the district's financial conditions have become difficult. The supplementary budget resources were secured through structural adjustments such as excess tax revenue from interest income and budget reductions in underperforming projects.

This supplementary budget proposal reflects projects such as creating a safe living environment, supporting vulnerable groups, and enhancing resident convenience.

In particular, urgent district projects to be promoted within this year include ▲5.2 billion KRW for the senior citizen transportation cost support project and ▲27 million KRW for promoting urban planning facility decisions as part of measures following the closure of Seoul Baek Hospital.

Additionally, ▲210 million KRW has been secured for the establishment and operation of the Jung-gu Senior Club (an institution dedicated to senior employment) and ▲200 million KRW to cover the shortfall in construction costs connecting Sindang Station and Sindang Underground Shopping Center, aiming to prevent project delays and complete construction as quickly as possible.

Furthermore, to create a safe living environment, the budget includes ▲290 million KRW for winter snow removal measures ▲400 million KRW for flood and wind insurance premiums for houses and shops ▲62 million KRW for renovation of senior centers and public daycare centers ▲5 million KRW for safety inspections of traditional market facilities.

Welfare budgets supporting vulnerable groups include ▲2.04 billion KRW for basic pensions ▲700 million KRW for livelihood benefits ▲270 million KRW for expanding public daycare centers ▲170 million KRW for infant care fee support ▲60 million KRW for additional disability activity assistance benefits.

Other budgets to enhance resident convenience include ▲560 million KRW for recycling waste disposal services ▲200 million KRW incentives for outstanding participants in the Jung-gu walking mileage program ▲23 million KRW for improving aging facilities at Cheonggu-dong small library.

Special account budgets include ▲190 million KRW for maintenance and repainting of public parking lots at Cheonggu-dong and Sindang Intersection.

Kim Gil-seong, Mayor of Jung-gu, stated, “Despite the challenging internal and external financial conditions, we will operate district administration efficiently by cutting where possible and reflecting budgets that are essential in a timely manner.”