From September 23, district council review and resolution, final supplementary budget to be confirmed on October 7
▲Revitalizing local economy ▲Ensuring residents' safety ▲Customized welfare ▲Creating leisure and cultural spaces
Gwanak-gu (District Mayor Park Jun-hee) has prepared the first supplementary budget for 2024, focusing on strengthening the local economy's competitiveness and ensuring residents' safety, and submitted it to the Gwanak-gu Council on the 12th.
The district anticipates a decrease in local tax revenue due to the prolonged high inflation and high interest rates, which have led to a contraction in the domestic market and difficulties for the working-class economy.
Accordingly, the district has allocated the budget mainly to projects that residents can feel directly and that are essential for district administration, including ▲Donghaeng Job Project and strengthening small business competitiveness (2.8 billion KRW) ▲Residents' safety (10.3 billion KRW) ▲Customized welfare enhancement without blind spots (8.2 billion KRW).
The supplementary budget resources were secured through ▲net surplus from last fiscal year's settlement ▲national and city subsidies ▲financial incentives ▲adjustments of expenditure budgets expected to remain unspent.
First, the district allocated 2.8 billion KRW to revitalize the local economy, which has been stagnant due to the prolonged recession. It plans to create about 670 public jobs in the second half of the year to provide stable employment for residents. Additionally, to support small business owners facing management difficulties, the district will launch the Gwanak-style Artterior project and establish a Small and Medium Enterprise Development Fund to provide management stabilization funds.
Efforts to create a safe living environment for residents will continue in the second half of the year. A total of 10.3 billion KRW has been allocated for ▲replacement of low-resolution CCTV ▲establishment of a district unit plan around Sindebang Station ▲expansion and repair of rainwater management facilities ▲repair of roads and sewage facilities ▲maintenance of hazardous trees in children's parks, focusing all efforts on making Gwanak a safe place for residents.
Furthermore, the district allocated 8.2 billion KRW for customized welfare support without blind spots, including ▲parental allowances ▲growth and childcare support funds ▲support for the construction and repair of daycare centers and youth facilities.
Budgets have also been actively allocated to improve residents' cultural welfare environment, such as ▲relocation of the Sillim-dong three-room ▲facility improvements at the Lifelong Learning Center ▲environmental improvements at Gwanak Central Library.
In July this year, the district established the ‘Park Leisure Bureau’ to contribute to residents' healthy leisure activities and health promotion.
Accordingly, to provide content that blends nature and culture for residents tired of daily life, a ‘Healing Garden’ will be installed in Nakseongdae Park, and ecological landscape improvement projects will continue with the creation of vegetation planters such as roses in the restored Byeolbitnaericheon section.
Additionally, in response to the recent trends in forest and leisure culture activation, the district plans to establish a unique leisure activation policy exclusive to Gwanak-gu.
The first supplementary budget submitted this time is scheduled to be finalized on October 7 after review and approval by the Gwanak-gu Council starting from the 23rd of this month.
District Mayor Park Jun-hee said, “I hope this will help stabilize residents' lives, who are struggling with the difficult livelihood economy and the record-breaking heatwave this summer,” and added, “Once the budget is finalized, we will promptly proceed with projects to increase residents' happiness index.”
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