Suwon Compiles Second Supplementary Budget of 259.3 Billion Won

[Suwon Ilbo=Reporter Jung Jun-sung] Suwon Special City announced on the 1st that it has compiled the second supplementary budget bill for 2023 with an increase of 259.3 billion won.

The city emphasized that the supplementary budget was compiled focusing on policy projects closely related to citizens' lives, and reflected the shortage in maintenance costs due to increases in public utility rates.

The city submitted the second supplementary budget bill to the city council on the 1st, and the budget is expected to be finalized on the 22nd.

The second supplementary budget increased to 3.37 trillion won, 259.3 billion won (8.34%) more than the first supplementary budget of 3.11 trillion won, with an increase of 181 billion won in the general account and 78.3 billion won in the special account.

For general account revenues, the city reduced independent revenues by 24.6 billion won by reflecting changes in local taxes and non-tax revenues, and increased transfer revenues by 25.5 billion won by reflecting changes in national and provincial subsidies and adjustment grants. Additionally, 180.1 billion won was reflected, including net balance surplus from 2022 fiscal year settlement and refunds of national and provincial subsidies.

For general account expenditures, the city increased independent projects by 107 billion won, subsidized projects such as national and provincial subsidies by 42 billion won, and refunds such as national and provincial subsidies by 50.4 billion won, while reducing execution balance and expenditure restructuring by 10 billion won, internal reserves by 3.3 billion won, and general reserve fund by 5.1 billion won.

Major projects in the second supplementary budget include △local currency general issuance incentives of 9.1 billion won △Hadong IC elevated road soundproof tunnel restoration of 5 billion won △Suwon Enterprise New Light Fund establishment of 5 billion won △integrated care pilot project of 1.2 billion won △Suwon Special City Council building construction of 6.3 billion won △Ingye-dong office relocation and new construction of 5 billion won △Mangpo 1-dong office new construction of 4.6 billion won △electric bus purchase support of 2.2 billion won △daycare activity service support for people with developmental disabilities of 2.1 billion won △infertility couple treatment cost support of 1.4 billion won △Suwon Badminton Specialized Stadium facility maintenance of 2.3 billion won △food resource recycling facility operation of 1.4 billion won, among others.

Park Sa-seung, director of the city's Planning and Coordination Bureau, said, "This second supplementary budget bill was made with efforts to efficiently allocate limited financial resources," and added, "Going forward, we will focus on financial management for citizens so that policy projects closely related to citizens' lives can be smoothly promoted."