Nonsan City Budget Reaches 1.1645 Trillion Won... Financial Self-Reliance and Autonomy Both Rise

Intergovernmental Transfers Up by 58.7 Billion Won, Reflecting Success in Securing National and Provincial Funds
2026 Fiscal Year Financial Disclosure Released on City Website

Nonsan City Hall Exterior View

Nonsan City in South Chungcheong Province has released details of its municipal finances for the 2026 fiscal year through a public financial disclosure, revealing a total budget of 1.1645 trillion won. The city’s financial condition has shown a slight improvement, with both increased intergovernmental transfers, such as national and provincial funds, and rises in the financial self-reliance and autonomy ratios.

On March 3, Nonsan City announced that it had posted the "2026 Fiscal Year Budget-Based Financial Disclosure," which was finalized after deliberation by the Local Finance Plan and Financial Disclosure Review Committee, on the city’s official website.

According to the disclosure, the total budget for Nonsan City for 2026 is 1.1645 trillion won, of which the general account comprises 1.0373 trillion won.

By revenue source, the budget consists of: ▲ 112.1 billion won in independent revenue such as local taxes and non-tax revenues ▲ 881.2 billion won in intergovernmental transfers such as local allocation taxes and subsidies ▲ 44.0 billion won in internal transactions such as compensatory income.

Notably, intergovernmental transfers increased by about 58.7 billion won (7%) compared to the previous year, reflecting successful efforts in securing national and provincial funding.

The main financial indicators, namely the financial self-reliance ratio and the financial autonomy ratio, rose by 0.16 percentage points and 2.76 percentage points, respectively.

This disclosure covers all aspects of the city’s finances, including the medium-term local financial plan, the status of resident participatory budgeting projects, and the allocation of local subsidies.

A city official stated, "We will continue to broaden our revenue base through active budget acquisition, while striving for sound financial management through planned execution of project expenditures."

This content was produced with the assistance of AI translation services.