Gyeonggi Province Increases First Supplementary Budget by 478.5 Billion Won...Up 1.24% from Original Budget to 39.2 Trillion Won

[Suwon Ilbo=Reporter Kim Gap-dong] Gyeonggi Province has submitted the '2025 First Supplementary Budget' totaling 39.2 trillion won, an increase of 478.5 billion won from this year's original budget, to the Gyeonggi Provincial Assembly.

Heo Seung-beom, Director of Planning and Coordination, held a press conference at the Gyeonggi Provincial Government building on the 30th and stated, "This supplementary budget has been formulated with a focus on recovery of the livelihood economy, strengthening competitiveness in future industries, and social infrastructure (SOC) investment to vitalize the regional economy."

The supplementary budget was formulated to recover the contracted daily lives of residents and regional economy due to continued economic slowdown and to prepare countermeasures in response to changes in the global trade environment. The province will concentrate fiscal resources on diverse sectors, ranging from livelihood areas such as local currency issuance and transportation subsidy support, to investment in future growth engines centered on semiconductor (fabless) industries, support for export companies in response to trade crises, and investment in major SOC projects.

The scale of the 2025 First Supplementary Budget is 39.2 trillion won, an increase of 478.5 billion won (1.24%) compared to the original budget of 38.7221 trillion won. Of this, 35.1719 trillion won is allocated to the general account and 4.0287 trillion won to special accounts.

Looking at the major contents, 159.9 billion won has been allocated for livelihood economy recovery, including △299 billion won for local currency issuance support △144 billion won for Gyeonggi Pass △60 billion won for children and youth transportation fees △459 billion won for public rental housing construction and acquisition of existing homes and jeonse rental properties.

The budget for strengthening future industrial competitiveness totals 689 billion won. This includes budgets for creating a semiconductor (fabless) ecosystem such as △41 billion won for fabless mass production support and human resource development △6 billion won for fabless prototype development △12 billion won for semiconductor technology center operation. Additionally, items for supporting export companies are reflected, including △85 billion won for trade crisis response package △50 billion won for startup global fund △13 billion won for global export company development △10 billion won for distribution channel entry support in export promising regions.

For investment in major SOC projects to vitalize the regional economy, a total of 153.4 billion won has been allocated, including △658 billion won for national and provincial road projects △60 billion won for road alignment improvement projects △390 billion won for local river maintenance △299 billion won for sewage pipe maintenance projects. The province plans to expand basic infrastructure centered on completion schedules, including roads, rivers, and railroads, and is expected to contribute to improvement of resident transportation convenience and reduction of logistics costs, particularly by completing and opening 9 roads by 2026.

The budget plan will be reviewed during the 384th regular session of the Gyeonggi Provincial Assembly held from June 10 to 27. During this period, Gyeonggi Province plans to conduct sufficient discussions with the provincial assembly, and once the budget is confirmed, each department will establish execution plans to promptly promote projects.

Director Heo Seung-beom stated, "This supplementary budget is an essential budget for recovering the livelihood economy, strengthening future industry foundations, and vitalizing the regional economy, and has been formulated through sufficient prior consultation with the provincial assembly. Going forward, we will closely consult with the provincial assembly during the review process, and upon completion of the review procedure and confirmation of the budget, we will prepare thoroughly to ensure swift execution."