Yeongam-gun Confirms 754.4 Billion KRW for 2024 First Supplementary Budget

16.25% Increase Compared to Original Budget for Livelihood Stability and Regional Economic Vitality

Yeongam-gun, Jeollanam-do (Governor Woo Seung-hee) has finalized the '2024 1st Supplementary Budget' at 754.4 billion KRW.

According to the county on the 1st, the 1st supplementary budget confirmed by the Yeongam-gun Council's resolution on the 30th of last month increased by 16.25% or 105.5 billion KRW compared to this year's original budget. The general account increased by 15.49%, or 91.4 billion KRW, to 681.5 billion KRW, and the special account increased by 23.89%, or 14 billion KRW, to 72.9 billion KRW.

Yeongam-gun prepared this supplementary budget prioritizing sound fiscal management, stabilization of people's livelihoods and farm income, establishment of living infrastructure and revitalization of the local economy, expansion of cultural enjoyment opportunities for residents, and construction of tourism infrastructure.

Yeongam-gun Office Building Exterior View

As a result of reviewing habitual support projects, similar and overlapping projects, and projects with sluggish execution focusing on the validity and effectiveness of financial projects, urgent pending projects were prioritized in the budget allocation.

Furthermore, Governor Woo Seung-hee and public officials continued efforts to secure the budget by persistently visiting central government ministries and Jeollanam-do. Despite unstable domestic and international conditions such as a decrease in government revenue, they were able to increase national and provincial subsidy projects by 46.7 billion KRW.

Looking at the supplementary budget by major sectors, the livelihood and farm income stabilization sector includes △30 billion KRW for regionally specialized rental smart farms △18 billion KRW for new income horticulture specialized complex development △16 billion KRW for support of distribution facilities for regionally specialized agricultural products △11 billion KRW for support for young farmers’ agricultural settlement △10 billion KRW for crop disaster insurance premiums △6 billion KRW for fertilizer price stabilization support.

The sector for expanding residents’ cultural enjoyment opportunities and building tourism infrastructure consists of △34 billion KRW for the establishment of a youth startup support center △22 billion KRW for supplementary projects at Gichan Natural Recreation Forest △18 billion KRW for the construction of Haksan area park golf course △17 billion KRW for the construction of loess resource experience facilities △8 billion KRW for cultural vouchers supporting youth from multi-child families △4 billion KRW for Yeongam-gun youth cultural allowance.

The living infrastructure establishment and local economy revitalization sector includes △21 billion KRW for issuing local love gift certificates △20 billion KRW for building dormitories for nursing welfare personnel △16 billion KRW for financial support for rural bus services including free bus operation △16 billion KRW for repair of the incinerator at the Green Environment Resource Center △9 billion KRW for maintenance of bicycle roads in Samho-eup △8 billion KRW for support of city gas supply.

A county official said, “The supplementary budget was prepared to support residents and revitalize the local economy, who are suffering from high inflation and high interest rates. We will promptly execute the budget where it is most needed to contribute to stabilizing residents’ lives and recovering the livelihood economy.”