Suwon Compiles 3.36 Trillion Won Third Supplementary Budget; Expected to be Finalized on August 8

[Suwon Ilbo=Reporter Jung Jun-sung] Suwon announced that it has compiled a 3.36 trillion won supplementary budget for 2021's third supplementary budget and submitted it to the city council on the 25th. The supplementary budget is expected to be finalized on August 8.

This supplementary budget is 3.36 trillion won, an increase of 373.2 billion won (12.5%) from the second supplementary budget (2.989 trillion won), with 362.7 billion won added to the general account and 10.5 billion won to special accounts.

Details of general account revenue increase include local taxes of 136.6 billion won, coordination grants and local transfer taxes of 62.4 billion won, and national and provincial subsidies of 243.7 billion won. Additionally, 80 billion won in integrated financial stabilization fund receipts (integrated account) was reduced to compile a total of 362.7 billion won as the revenue budget.

General account expenditure budget increased by 67.5 billion won for self-directed projects, 288.9 billion won for subsidiary projects such as national and provincial subsidies, and 6.3 billion won for disaster and calamity contingency reserves in response to COVID-19.

Main projects in the third supplementary budget include ▲Government COVID-19 relief national support fund project 236 billion won ▲North access road improvement project at agricultural and marine products wholesale market 12.3 billion won ▲Gosaek Station area complex development project 8 billion won ▲Jiji Park development project 3.2 billion won ▲Sukji Park development project 3 billion won ▲Jeongja 2-dong government office site purchase 2.8 billion won ▲Seji-ro underground utility project 2.5 billion won, etc.
A contingency reserve of 6.3 billion won was also compiled to respond to unforeseen COVID-19 situations.

Kwon Chan-ho, Director of Planning and Coordination Division, stated, "The third supplementary budget focused on compiling the budget for major pending projects to respond to the government's second supplementary budget including the government's 'COVID-19 relief national support fund project' while supporting citizens in recovering to 'daily life before COVID-19,' and fulfilling 'commitments to citizens.'"