Gyeonggi Province Finalizes 39.28 Trillion Won First Supplementary Budget

[Suwon Ilbo=Reporter Kim Gap-dong] Gyeonggi Province announced that its "2025 First Supplementary Budget" totaling 39.28 trillion won passed through the Gyeonggi Provincial Assembly on the 27th.

This represents an increase of 560.5 billion won from the original budget of 38.72 trillion won for this year, with 514.1 billion won added to the general account and 46.4 billion won to special accounts. The supplementary budget includes major projects for recovery of the livelihood economy, strengthening future industry competitiveness, and revitalizing the local economy.

For livelihood economy recovery, 229.4 billion won has been allocated including △local currency issuance support of 102.8 billion won △Gyeonggi Pass of 10.1 billion won △children and youth transportation expenses of 6 billion won △public rental housing construction and existing housing purchase and charter rental of 45.9 billion won.

The budget for strengthening future industry competitiveness totals 65.2 billion won. This includes budget for fostering a semiconductor (fabless) ecosystem such as △fabless mass production support and workforce development of 3.7 billion won △fabless prototype development of 600 million won △semiconductor technology center operations of 1.2 billion won. In addition, export company support items are reflected including △trade crisis response package of 7 billion won △startup global fund of 4 billion won △global export company development of 1.3 billion won △export-promising region distribution network entry support of 1 billion won.

For local economic revitalization, a total of 153.4 billion won has been allocated for major SOC project investments including △national and local road projects of 65.8 billion won △road alignment improvement projects of 6 billion won △local river maintenance of 39 billion won △sewerage pipe maintenance of 29.9 billion won. The province plans to expand infrastructure including roads, rivers, and railways, focusing on completion schedules, and particularly expects to complete and open 9 road routes by next year to improve traffic convenience and reduce logistics costs.

Governor Kim Dong-yeon of Gyeonggi Province stated, "We will proactively and actively support Gyeonggi Province's supplementary budget to create synergistic effects together with the new administration's livelihood supplementary budget," and added, "We will swiftly and efficiently execute the valuable approved budget so it can serve as a catalyst to revive the collapsed livelihood and stagnant economy."