Gyeongsangnam-do Submits Second Supplementary Budget of 1.1038 Trillion Won Focused on Livelihood Stability and Heavy Rainfall Recovery

Gyeongsangnam-do has submitted its second supplementary budget proposal for this year, totaling 1.1038 trillion won, to the provincial council.

The provincial government stated that, following the principle of "selection and concentration," the budget has been organized with a focus on key livelihood issues such as support for small business owners, boosting domestic demand, and emergency restoration of damage caused by heavy rainfall.

It also explained that projects with low execution rates, as well as event-related and consumable expenses, have been boldly cut.

Projects deemed less urgent were excluded, and resources were secured through expenditure restructuring to be intensively allocated to necessary areas.

Gyeongnam Provincial Government. Photo by Lee Seryeong

Including both the main budget and this supplementary budget, the total budget for Gyeongsangnam-do for this year amounts to 14.5226 trillion won.

This budget proposal includes 906.1 billion won for livelihood recovery consumption coupons (with 858.6 billion won from the national government and 47.5 billion won from the province), 16.2 billion won to support the issuance of local love gift certificates, 42.3 billion won for local investment promotion subsidies, and 4.5 billion won for the Gyeongnam-type public transportation K-Pass support.

Additionally, in response to the heavy rainfall in July, the budget includes 6.6 billion won for disaster countermeasures, 3.8 billion won for drainage improvements to prevent frequent flooding of farmland, 600 million won for raising the embankments of local rivers, 2.1 billion won for road facility maintenance, and 500 million won for emergency repairs to provincially designated heritage sites and traditional temples.

Funds have also been allocated for local road maintenance projects such as road facility maintenance for hazardous slopes (2.1 billion won), emergency repairs to provincially designated heritage sites and traditional temples (500 million won), and restoration of landslide damage (700 million won).

In particular, 2.1 billion won in reserve funds has been allocated for river dredging and emergency support for farms in areas such as Sancheong-gun and Hadong-gun, which suffered significant damage from the heavy rainfall.

A Gyeongsangnam-do official emphasized, "This supplementary budget has been focused solely on unavoidable and essential projects for stabilizing residents' lives and disaster recovery," adding, "We will continue to do our utmost for tangible livelihood recovery for residents by securing national funding and enhancing fiscal efficiency."

This supplementary budget proposal is scheduled to be reviewed at the 426th Gyeongsangnam-do Provincial Council extraordinary session, which will begin on September 9, and is expected to be finalized on September 18.