Mayor Joo Gwang-deok: "Prioritizing Super Growth and Livelihood Stability"
2% Increase Compared to This Year... Deliberation and Resolution on the 16th of Next Month
Namyangju City, Gyeonggi Province (Mayor Ju Gwang-deok) submitted the draft of the next year’s main budget amounting to 2.272 trillion KRW to the city council on the 20th, focusing on leaping to a mega city of one million population and expanding growth engines.
Namyangju City submitted the draft budget for the next fiscal year, totaling 2.272 trillion won, to the city council on the 20th, focusing on leaping to a 1 million mega city and expanding growth engines. Provided by Namyangju City
The next year’s main budget is 2.272 trillion KRW, an increase of 44.2 billion KRW (2%) compared to this year, consisting of 2.0541 trillion KRW in the general account and 217.9 billion KRW in the special account.
The city made efforts to allocate resources efficiently through strategic financial management, considering financial difficulties such as revenue decline due to unstable international conditions and domestic economic contraction.
In particular, the next year’s budget was prepared with a focus on stabilizing people’s livelihoods and urban growth, including △support for revitalizing the local economy and small business owners △strengthening transportation welfare △living SOC projects △creating a safe city.
First, the city allocated a total of 182.9 billion KRW to the road and transportation sector through balanced investment to create an efficient transportation environment that improves citizens’ mobility convenience by connecting the metropolitan transportation network such as GTX and five subway lines.
The budget includes 33.9 billion KRW for operating the Jinjeop Line and Byeollae Line railroads, and 31.3 billion KRW for road environment and facility maintenance.
Also, 68.6 billion KRW will be invested in urban development and maintenance as a key investment to strengthen regional competitiveness through urban regeneration and environmental development projects such as creating a hydrogen city.
In the social welfare and health sectors for children, the elderly, and the disabled, 1.1079 trillion KRW, nearly half of the total budget, was allocated.
Additionally, the budget includes △15.1 billion KRW for cultural tourism projects such as Jeong Yak-yong branding △11.3 billion KRW for support for small business owners and youth △66.0 billion KRW for natural and social disaster preparedness.
In particular, the fund for constructing a new city hall to prepare for the elevation to a special city with a population of one million and to create a future-oriented self-sufficient city is expected to reach 110 billion KRW by the end of 2025.
Mayor Ju Gwang-deok said, “We prepared the 2025 main budget focusing on the growth of Namyangju and stabilization of people’s livelihoods while managing local finances soundly,” and added, “We will continue to strive to improve financial conditions and do our best to enhance the quality of life for citizens.”
Meanwhile, the 2025 main budget is scheduled to be reviewed and approved on the 16th of next month after deliberation by the standing committee and the special budget and accounts committee at the 2nd regular session of the 308th Namyangju City Council.
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