Yeongam County Finalizes First Supplementary Budget for This Year with 67 Billion Won Increase

Total Budget Reaches 778.4 Billion Won
Focus on Revitalizing the Local Economy and Residents' Livelihoods

Yeongam County in South Jeolla Province (Governor Woo Seunghee) finalized the '2025 First Supplementary Budget' on April 30 after approval by the county council, increasing this year's total budget to 778.4 billion won.

According to the county on May 1, this represents an increase of 67 billion won, or 9.42%, from this year's original budget of 711.4 billion won. The general account rose by 56.1 billion won, or 8.66%, to 704.3 billion won, while the special account increased by 10.9 billion won, or 17.21%, to 74.2 billion won.

Yeongam County Office Building Exterior View

The county prioritized the recovery of the local economy and the stabilization of residents' livelihoods, which have been challenged by high inflation, high interest rates, and social disasters, as the primary focus of this supplementary budget. In particular, under the government's tight fiscal policy, the supplementary budget was prepared with an emphasis on sound fiscal management and the efficient allocation of limited resources.

Additionally, in line with the national budget schedule, the supplementary budget reflected 23.9 billion won in national and provincial subsidies and 3 billion won in special grants, which were secured in consultation with the National Assembly, central government ministries, and South Jeolla Province.

Despite a decrease of 4.4 billion won in local allocation tax, major revenue sources increased, including 3.5 billion won in local taxes, 4.9 billion won in non-tax revenue, 3 billion won in special grants, 3.5 billion won from the local extinction response fund, and 23.9 billion won in national and provincial subsidies.

Kim Youngjoong, Director of Planning and Budget, stated, "Despite difficult fiscal conditions such as the reduction of local allocation tax due to a decrease in national tax revenue, we have prepared a supplementary budget focused on the recovery of the local economy through efficient budget allocation, and we will promptly execute funds where they are needed."