Yeongju City, 2025 Main Budget Set at 1.102 Trillion Won

Increased by 37 Billion KRW Compared to This Year

Focus on Regional Development and Livelihood Stability

Yeongju City in Gyeongbuk announced on the 22nd that it has prepared and submitted the 2025 main budget proposal amounting to 1.102 trillion KRW to the city council.

This represents an increase of 37 billion KRW (3.47%) compared to this year's main budget, with the general account increasing by 29.7 billion KRW (3.07%) to 998.1 billion KRW, and the special account increasing by 7.3 billion KRW (7.56%) to 103.9 billion KRW.

In the general account, the social welfare sector accounts for 275.5 billion KRW, representing 27.61%. This is followed by agriculture, forestry, marine, and fisheries at 154.4 billion KRW (15.48%), land and regional development at 98.9 billion KRW (9.91%), culture and tourism at 89.9 billion KRW (9.02%), environment at 81.5 billion KRW (8.18%), and transportation and logistics at 58.3 billion KRW (5.84%).

The 2025 budget proposal focuses on stabilizing livelihoods in response to the expansion of government welfare policies and demographic changes, alongside the promotion of key projects in the 8th term of the elected administration. In particular, resources have been efficiently allocated toward strategic goals such as revitalizing the local economy, developing the Yeongju Dam, and attracting businesses, aiming to simultaneously promote city development and residents' quality of life.

Major projects include ▲Regional Vitality Town Development Project with 4.5 billion KRW ▲Yeongju Advanced Bearing National Industrial Complex Development Project with 22.7 billion KRW ▲Station Area Urban Regeneration New Deal Project with 9.7 billion KRW ▲Yeongju Water Reservoir Expansion Project with 4.2 billion KRW ▲Yeongju City Punggi Water Purification Plant Improvement Project with 6 billion KRW ▲Yeongju Dam Leisure Facility Development Project with 4 billion KRW ▲Yeongju Dam Waterside Ecological Resource Complex Development Project with 2.8 billion KRW ▲Sports Complex Development with 2.2 billion KRW ▲Support for Senior Health Promotion Expenses with 2 billion KRW ▲Basic Pension Payments with 92.8 billion KRW ▲Child Allowance Payments with 3.5 billion KRW ▲Crop Disaster Insurance Premiums with 7 billion KRW ▲Youth Farmer Hub Center Construction with 1.8 billion KRW ▲Support for Agricultural Machinery Rental Office Installation with 900 million KRW.

Mayor Namseo Park stated, “Despite difficult financial conditions such as a decrease in national tax revenue, we have effectively allocated limited resources to focus on projects that must be implemented,” adding, “We will do our best to improve citizens’ quality of life and promote regional development.”