Structured Budgeting Amid Challenging Financial Conditions...Reflecting Statutory Mandatory Expenses, Support for Socially Vulnerable, and Major Current Project Costs
Eunpyeong-gu (District Mayor Kim Mi-kyung) announced that it has prepared the "2024 First Supplementary Budget Proposal" totaling 1.1604 trillion KRW, an increase of 37.4 billion KRW (3.3%) compared to the initial budget, and submitted it to the district council on the 21st.
This supplementary budget was secured through the net surplus from last fiscal year's settlement, national and city subsidies, and adjustments to expenditure budgets expected to remain unspent.
The key reflected items include ▲support for socially vulnerable groups in the health and welfare sector (14.6 billion KRW) ▲return of national and city subsidies (14 billion KRW) ▲mandatory items due to legal amendments and major pending projects (8.8 billion KRW).
In the "health and welfare sector" supporting socially vulnerable groups, 6 billion KRW was allocated for childcare staff salaries and treatment improvement costs, 1.8 billion KRW for infant and toddler childcare fees, 1.7 billion KRW for parental allowances, and 1.3 billion KRW for disability activity support. Additionally, 500 million KRW was allocated to the Mind Investment Support Project, which helps psychological counseling for mental health risk groups, to help all residents lead healthy lives.
In the "mandatory items due to legal amendments and major pending projects" sector, 800 million KRW was allocated for the increase in basic allowances for community leaders, and 100 million KRW for the increase in council members' legislative activity expenses.
Major pending issues include 3.4 billion KRW for the purchase of land for the complex cultural facility on the former registry office site, and 800 million KRW for waste containers to operate the Eunpyeong Metropolitan Resource Circulation Center.
To revitalize the local economy and enhance the Eunpyeong-gu brand value, 700 million KRW was allocated for projects to revitalize traditional markets and alleyway commercial districts using broadcasting content, and 76 million KRW was allocated to deploy security guards at community service centers to protect public officials and visitors from malicious complaints.
This supplementary budget proposal will be finalized on June 26 after deliberation at the 307th Eunpyeong-gu Council’s 1st regular meeting.
Kim Mi-kyung, Mayor of Eunpyeong-gu, stated, "Despite the difficult financial conditions due to decreased tax revenue, we have worked to carefully reflect legally mandated essential expenses for stable welfare and public service provision, as well as budgets for economic recovery of people's livelihoods. Once the budget is finalized, we will do our best to ensure that the planned projects proceed without any setbacks."
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