Siheung City Increases Supplementary Budget by 146.7 Billion Won for Public Welfare Support and Metropolitan Infrastructure Expansion

Siheung City Allocates 2.0922 Trillion Won in Total

Funding Included for School Complex, Seoul National University Hospital, and Maehwa Station Projects

Mayor Lim Byeongtaek: "Core Projects to Continue Without Interruption"

Siheung City in Gyeonggi Province (Mayor Lim Byeong-taek) has drawn up its third supplementary budget proposal for this year, totaling 2.0922 trillion won, focusing on public welfare support and the expansion of metropolitan infrastructure.

A panoramic view of Siheung City Hall. Provided by Siheung City

Siheung City announced on October 6 that it submitted the supplementary budget, which is 146.7 billion won (7.5%) higher than the second supplementary budget, to the city council on October 2. The general account stands at 1.844 trillion won, while the special account is 248.2 billion won.

To establish a foundation for the city's growth beyond a population of 600,000, the city concentrated the budget on investments in the fields of education, healthcare, transportation, and environment, as well as revitalizing the local economy and strengthening the welfare safety net.

For metropolitan infrastructure expansion, the budget includes 9.3 billion won for the construction of the Janghyeon 1 Elementary School complex, 5.5 billion won for the Wolgot tidal land reclamation project, 3.2 billion won to support the construction of Baegot Seoul National University Hospital, 1.8 billion won for the construction of Maehwa Station, and 1 billion won for the Yangdalcheon Stream improvement project.

In the areas of public welfare, the city increased allocations for basic pensions (17.9 billion won), housing benefits (5.2 billion won), support for activities of people with severe disabilities (4.2 billion won), and 4.1 billion won for K-Pass and The Gyeonggi Pass public transportation fee reimbursement programs. Additional funding was also allocated for childcare subsidies for young children (2.8 billion won), youth basic income (1 billion won), and childbirth celebration grants (200 million won).

Mayor Lim Byeong-taek stated, "Even under difficult fiscal conditions, we will continue moving forward with core projects that underpin metropolitan growth. We are also committed to revitalizing the local economy and ensuring the safety and daily lives of citizens by pursuing balanced city administration."

The supplementary budget proposal is scheduled for confirmation after deliberation during the 339th temporary session of the Siheung City Council, set to open on October 13.

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