Dobong-gu, 67.8 Billion KRW Allocated in First 2024 Supplementary Budget

Focused Investment on Strengthening Demand-Oriented Welfare, Revitalizing Local Economy, and Enhancing Urban Competitiveness
Total of 67.8 Billion KRW, Final Approval Scheduled on June 28 After District Council Review Starting June 10
Expanding Welfare Safety Nets Including Aging and Low Birthrate Measures, Boosting Local Economy Through Support for Small Business Owners and Self-Employed... Enhancing Urban Competitiveness and Ensuring Resident Safety Through Infrastructure Improvements Such as Deck Road Installation on Jungnangcheon Embankment Path

Dobong-gu (Mayor Oh Eon-seok) has submitted the first supplementary budget proposal worth 67.8 billion KRW to the district council. If this supplementary budget is approved as originally proposed, the total budget size of Dobong-gu for this year will reach 926.7 billion KRW.

The supplementary budget resources were prepared from the net surplus from the 2023 settlement, national and city subsidies, and adjustment grants.

This supplementary budget focuses on proactively responding to administrative demands caused by domestic and international environmental changes after the main budget was formulated, and ensuring that major issues and priority projects can be carried out quickly and without disruption amid unstable economic conditions due to high inflation and economic slowdown.

A district official explained, “We increased fiscal efficiency by reorganizing projects that cannot be executed or are unnecessary and reinvesting in current projects.”

First, the district will invest a total of 9.1 billion KRW to establish a dense social safety net. It allocated 850 million KRW to the Dobong-type Senior Job Project, which provides sustainable jobs regardless of income to 500 seniors aged 60 or older in the area, and 290 million KRW to expand meals at senior centers from the current 2.5 days per week to 5 days per week. The budget also includes projects to provide longevity celebration gifts to seniors aged 100 or older in the area, train senior exercise coaches, and operate health programs at senior centers to promote healthy and active aging.

For addressing the low birthrate issue, 700 million KRW was allocated for infant care fees and parental allowance support, 1.4 billion KRW for childcare staff salaries and treatment improvement support, and 460 million KRW for daycare center operation support. To eliminate blind spots in care, budgets were also assigned for the Seoul-type Kids Cafe and the Choan Kkum Maru Children's Cafeteria, which opened in April.

A total of 1.8 billion KRW was allocated to stabilize people’s livelihoods and revitalize the local community. This includes 1.6 billion KRW for the Seoul Companion Job Project targeting low-income vulnerable groups, 58 million KRW for facility management of traditional markets and shopping districts, and 75 million KRW for issuing Dobong Love mobile gift certificates worth 1.3 billion KRW. Project costs were also reflected for supporting small business owners in sewing, clothing, and four major industries, as well as workplace improvements for platform workers to expand jobs and activate the local economy.

To strengthen urban competitiveness through expanding cultural content and improving living infrastructure, a total of 10.5 billion KRW will be invested. Of this, 1.18 billion KRW will be used for unique neighborhood festivals exclusive to Dobong-gu, discovering new cultural lectures at neighborhood community centers, operating “Culture Day” programs, supporting local cultural artists, and improving facilities such as Darakwon Sports Park, Dobong-dong Indoor Sports Center, and Ssangmun Comprehensive Sports Center.

For securing resident safety and resolving daily inconveniences, 9.3 billion KRW was allocated for reinforcing urban infrastructure. This includes 2.5 billion KRW for maintenance of major local infrastructure such as sewage, rivers, and road facilities, 600 million KRW for refurbishing aging children’s parks, 350 million KRW for renovating Balbalat Park, and 400 million KRW for repairing and installing restrooms at parks and the Jungnangcheon Park Golf Course. An additional 1.5 billion KRW will be invested in expanding the deck road installation section along Jungnangcheon to create a Dobong-gu specialized attraction.

To operate the district’s finances soundly and stably, 25 billion KRW will be reserved in the Integrated Fiscal Stabilization Fund. Through this, the district plans to proactively prepare for tax revenue decreases caused by uncertain economic conditions and the downward trend in the realization rate of real estate official prices, and thoroughly respond to future fiscal demands.

Oh Eon-seok, Mayor of Dobong-gu, said, “This supplementary budget proposal focuses on protecting vulnerable groups, strengthening urban competitiveness, and stable financial management, and only budgets for essential projects were allocated. Once the budget is finalized, we will execute it promptly to help stabilize residents’ lives and recover the local economy.”

The first supplementary budget proposal submitted by the district is scheduled to be reviewed and approved by the Dobong-gu Council from June 10 and finalized on June 28.