Geumcheon-gu, 2024 Budget Set at 734.8 Billion Won

244 Billion KRW Increase (3.4%) from Last Year, Budget Set at 734.8 Billion KRW
Focus on Supporting the Vulnerable, Future Investment, Safe Geumcheon, and Revitalizing the Local Economy

Geumcheon-gu (Mayor Yu Seong-hoon) announced that the 2024 budget has been set at 734.8 billion KRW, an increase of 24.4 billion KRW compared to last year.

This budget plan was prepared to ensure that necessary areas for Geumcheon’s future are not overlooked despite the unavoidable fiscal tightening due to the economic downturn. It focuses on ▲ consideration for the vulnerable ▲ investment for the future ▲ a safe Geumcheon ▲ revitalization of the local economy. Ongoing projects were reexamined from the ground up to reduce wasteful expenditures.

Strengthening Support for Socially Vulnerable Groups Amid Economic Downturn and High Inflation

The budget was allocated to meet increasing welfare demands, including basic pensions (109.3 billion KRW), livelihood benefits (55 billion KRW), housing benefits (29.3 billion KRW), disability activity support (17.5 billion KRW), parental benefits (16 billion KRW), childcare support (3.1 billion KRW), and the construction of a daycare center at the Doksan 1-dong branch office (270 million KRW).

Additionally, emphasis was placed on strengthening a detailed social safety net through initiatives such as the human safety net “Geumcheon Donghaengjigi” (50 million KRW) to identify welfare blind spots, the integrated welfare consultation channel “Geumcheon Bokji Toktok” (20 million KRW), and the Geumcheon-style side dish support program “Dahamkke Chanchanchan” (390 million KRW).

Investing in Geumcheon’s Future through Education and Culture

Budgets were allocated for the construction of a lifelong learning center (3.3 billion KRW), operation of the career and vocational experience support center (440 million KRW), establishment of an international foreign language center (350 million KRW), excavation and maintenance of the Seoul Hoamsanseong cultural heritage site (1.39 billion KRW), traditional culture and tourism revitalization projects (2 billion KRW), expansion of sports facility infrastructure (7.8 billion KRW), and activation of library operations (2.1 billion KRW). These efforts aim to create a Geumcheon where generations dream together and everyone enjoys the joy of learning and culture.

Enhancing Safety Accident Prevention and Response Capabilities Against Climate Crisis and Indiscriminate Crimes

Plans include supporting safe commuting for elementary school children (130 million KRW) and securing safety in mountain trail entry points and parks (1 billion KRW) to prevent safety accidents and indiscriminate crimes.

Furthermore, the budget covers maintenance and restoration of slopes adjacent to residential areas (1.8 billion KRW), basic planning for the Siheung Valley and disaster prevention green SOC creation (200 million KRW), underground safety management (230 million KRW), and maintenance of aging sewage pipelines and Anyangcheon sewage facilities (3.1 billion KRW) to prepare for disasters caused by climate change such as heavy rains.

Investing in Traditional Market Revitalization, Strengthening Small Business Competitiveness, and Job Projects

Support for facility modernization such as fire prevention facilities in traditional markets (2.2 billion KRW) and revitalization of small businesses and alleyway commercial districts (150 million KRW) were allocated to support the local commercial sector.

Additionally, budgets were set for strengthening the competitiveness of small and medium enterprises in G-Valley (1.3 billion KRW), establishing a future career experience center (180 million KRW), supporting qualification exam fees for job-seeking youth (30 million KRW), and job projects (20 billion KRW). These aim to help companies actively respond to industrial structural changes such as the 4th Industrial Revolution and carbon neutrality, and to support youth and employment.

Other notable 2024 budget items include support for longevity celebration funds for elderly seniors (50 million KRW), senior safety primary care physician projects (140 million KRW), operation of the comprehensive support center for workers (200 million KRW), operation of the Youth Dream Center (400 million KRW), support for youth jeonse deposit return guarantee fees (90 million KRW), and hygiene consulting for cafeteria-style general restaurants (20 million KRW).

Meanwhile, the 2024 budget plan is expected to be finalized at the plenary session on the 21st of next month after review by the district council.

Yu Seong-hoon, Mayor of Geumcheon-gu, said, “Despite the difficult financial situation, we have repeatedly deliberated on resource allocation for Geumcheon’s future, including consideration for the socially vulnerable, education and culture, resident safety, and revitalization of the local economy. We will spare no effort to make 2024 a year that prepares for a new leap forward for Geumcheon.”