"300,000 Won Before Chuseok"... Gochang County to Provide 'Vitality Support Fund' to All Residents

First Supplementary Budget Set at 948.8 Billion Won

With the launch of the 9th popularly elected administration, Gochang County has drawn up its first supplementary budget. The total budget has been expanded to the 940 billion won range, while including funds to provide 300,000 won per person as the "Gumin Vitality Support Fund" to all county residents, with a focus on stabilizing people's livelihoods and revitalizing the local economy.

Jeonbuk Gochang County Office building exterior.

According to Gochang County on the 29th, the county has submitted the 1st supplementary budget, totaling 948.8 billion won, to the county council. This reflects an increase of 68.7 billion won (7.8%) over the main budget of 880.1 billion won. Of this, the general account amounts to 928 billion won and the special account is set at 20.8 billion won.

The core of this supplementary budget is supporting county residents struggling due to prolonged high inflation and economic downturn. The largest project is the Gumin Vitality Support Fund, a campaign pledge from the 9th administration. The county has allocated 15.1 billion won to provide 300,000 won per person to all residents before Chuseok. In addition, an extra 2.8 billion won has been allotted to support the issuance of the "Gochang Love Gift Certificate," which is intended to boost local consumption and help small business sales recover.

Preparations are also starting to introduce the Rural Basic Income System. The county has earmarked 30 million won for research services, aiming to proactively respond to the central government's pilot projects and to lay the foundation for attracting related demonstration projects in the future.

Investments in living environment and welfare are also being expanded. This supplementary budget includes 1 billion won for comprehensive improvement of pedestrian environments in living areas, 400 million won for replacing outdated medical equipment in areas with limited maternity care, and 2.4 billion won for job and social activity support programs for seniors. These measures aim to improve residential conditions and to expand job opportunities and medical services for the elderly.

This supplementary budget is also significant as it is the first since the launch of the 9th administration. It is being evaluated as presenting a financial management direction that simultaneously pursues both the restoration of the residents' economy and the fulfillment of campaign pledges.

Deokseop Sim, Mayor of Gochang County, stated, "This supplementary budget marks the first step in fulfilling the promises made with our residents by building upon the achievements of the 8th administration. As soon as the budget is finalized, we will execute it swiftly and transparently to help stabilize people's lives and revive the local economy."

Meanwhile, the 1st supplementary budget is expected to be finalized on August 5 after review by the Gochang County Council, which begins on July 31.

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