Jeonnam Provincial Council Budget Committee Approves 18.7 Trillion Won Supplementary Budget

Jeonnam's Budget Set at 13.857 Trillion Won and the Office of Education at 4.942 Trillion Won

2.855 Trillion Won Allocated for "High Oil Price Damage Support"

The Special Committee on Budget and Accounts of the Jeonnam Provincial Council announced on June 12 that it had reviewed and approved the 2nd supplementary budget proposal for Jeollanam-do and the 1st supplementary budget proposal for the Jeonnam Educational Expenses Special Account during the 399th extraordinary session.

This 2nd supplementary budget increases the original budget of 13.3826 trillion won by 474.4 billion won (3.5%) to a total of 13.857 trillion won. The 1st supplementary budget for the Jeonnam Educational Expenses Special Account increases the original amount of 4.441 trillion won by 501 billion won (11.3%) to 4.942 trillion won. The combined total amounts to 18.799 trillion won.

Jeonnam Provincial Assembly building.

The Jeollanam-do supplementary budget focuses on responding to rising international oil prices due to the Middle East crisis, stabilizing residents' livelihoods, preparing for the administrative integration of Gwangju and Jeonnam, and promoting key regional projects. Major programs include: 285.5 billion won for high oil price damage support funds; 19.4 billion won for maintenance of provincial roads; 17.2 billion won for eco-friendly fisheries direct payment program; 11.2 billion won for regional industry customized job creation support; and 3.8 billion won for promoting the administrative integration of Jeonnam and Gwangju.

The Office of Education's supplementary budget reflects special government grants and national policy projects resulting from the central government's own supplementary budget, with a focus on preparing the foundation for integrated education administration. Major programs include: 23.8 billion won for operating special education development zones; 6.2 billion won for school site charges; 3.5 billion won for strengthening science education; and 1.7 billion won for preparing education administration integration.

Committee Chairman Ryu Gijun stated, "This supplementary budget is aimed at alleviating the burden on people's livelihoods caused by high oil prices and at establishing a stable foundation for the administrative integration of Gwangju and Jeonnam," and added, "We will thoroughly review the budget to ensure that it leads to effective policy outcomes and that residents can truly feel the changes."

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