Suwon Confirms 3.0741 Trillion Won Budget for Next Year

[Suwon Ilbo=Reporter Jung Jun-seong] The budget for Suwon Special City for next year has been confirmed at 3.0741 trillion won, an increase of 2.1 billion won (0.07%) from this year's budget of 3.072 trillion won.

The budget was approved at the 2nd plenary session of the 2nd regular session of the 379th Suwon City Council on the 20th.

The city utilized the Integrated Financial Stabilization Fund to respond to decreases in tax revenue including local taxes and non-tax income, while pursuing strong structural adjustments in expenditures to secure expenditure levels comparable to the previous year.

The main projects in next year's budget include △construction of City Council office (7.9 billion won) △construction of Ingye-dong office (12.4 billion won) △construction of Mangpo 1-dong office (7.8 billion won) △local currency general issuance incentives (15 billion won) △integrated care pilot project (1.5 billion won) △Suwon City education brand operation (3.5 billion won) △citizen safety insurance (1.6 billion won) △support for Gyeonggi Province regional cooperation research center (1.2 billion won) △green building development support (1.5 billion won) △operation of Suwon Arboretum (Ilwol and Younghung) (7.6 billion won) △creation of Historic Park No. 2 (2.9 billion won) △creation of Sookji Park (2.6 billion won), and others.

Mayor Lee Jae-jun of Suwon said, "We have made efforts to secure sufficient budget for implementing policies closely related to citizens' safety and livelihoods even in difficult fiscal circumstances," and added, "While spending as efficiently as possible, we will turn the fiscal crisis into an opportunity for innovation."