Yeongdeungpo-gu Allocates 77 Billion Won Supplementary Budget, Focusing on Welfare, Economy, and Infrastructure

Expected Expansion to a Total of 1.0166 Trillion Won

Yeongdeungpo-gu in Seoul has prepared a 77 billion won supplementary budget proposal for the second round of adjustments in 2025, aiming to sustain the momentum of the “Yeongdeungpo Great Transformation.” The district council is set to review the proposal. If the supplementary budget is approved as originally drafted, the district’s total budget will expand to 1.0166 trillion won, an increase of about 8% compared to the initial budget.

Yeongdeungpo-gu Slogan. Provided by Yeongdeungpo-gu.

This supplementary budget reflects residents’ opinions and focuses on revitalizing the local economy, supporting vulnerable groups, and building Yeongdeungpo as a future-oriented city. The district has expressed its commitment to faithfully fulfill promises to residents by executing the budget swiftly following council approval.

A total of 11.4 billion won has been allocated as the “Hope Budget” to establish a comprehensive welfare system for all generations. This includes 9.5 billion won for parental allowances and childcare subsidies to ease the burden of childbirth and parenting, 1.2 billion won for supporting activities and facilities for people with disabilities, 500 million won for senior citizen support, and 200 million won for customized welfare services such as mental health welfare centers.

The “Happiness Budget” of 6.3 billion won has been designated for projects aimed at enhancing daily satisfaction for residents in areas such as culture, sports, and safety. This includes 1.2 billion won for expanding urban garden culture through the renovation of Mullae Neighborhood Park, 400 million won for establishing the Yeongdeungpo Mullae Arts Center and community culture centers, 170 million won for activating local festivals and sports programs such as the “Yeongdeungpo Original Beer Festival,” 3.9 billion won for strengthening sports infrastructure including Brighton Yeouido public sports facilities, and 700 million won for improving the living environment.

The “Future Budget” of 25.6 billion won is focused on laying the foundation for a future-oriented city. This includes 1.5 billion won for youth education, support for young people and small business owners, and job creation; 600 million won for operating the Yeongdeungpo Sarang Gift Certificate and the public delivery app “Ttaenggyeoyo”; and 23.5 billion won for expanding public infrastructure, including convenience facilities for daily life.

The district has secured a total of 74.7 billion won in funding by increasing the general account revenue budget with 56.3 billion won in net surplus funds and 8.4 billion won in national and city subsidies, while reducing non-tax revenue such as usage fees by 300 million won. The parking lot special account has also been increased by 1.5 billion won, including deposits to the Integrated Fiscal Stabilization Fund.

During the regular session, the Special Committee on Budget and Accounts will review the settlement and preliminary expense approval, as well as the second supplementary budget proposal, on June 24 and 25. Related agenda items will be processed at the second plenary session on June 26, with final confirmation scheduled for June 27.

Choi Hokwon, Mayor of Yeongdeungpo-gu, stated, “This supplementary budget focuses on revitalizing the local economy and supporting vulnerable groups by reflecting residents’ opinions as much as possible. After the council’s approval, we will promptly execute the budget to make Yeongdeungpo a place where residents’ imaginations become reality and a vibrant, youthful future city.”