Pyeongtaek City Compiles 2026 Budget of 242.83 Billion Won...0.12% Decrease from Previous Year

[Suwon Ilbo=Reporter Park Chan-hyuk] Pyeongtaek City announced on the 26th that it has compiled a 2026 budget of 242.83 billion won. This represents a decrease of 3.1 billion won (0.12%) from this year's 243.14 billion won.

Of this, the general account stands at 208.25 billion won, an increase of 5.46 billion won (2.69%) compared to this year, while the special account is 34.58 billion won, a decrease of 5.77 billion won (14.2%) from the previous year.

The city, considering uncertainty in economic conditions next year, has set its 2026 fiscal management direction toward systematic revenue management and sound and effective fiscal management. The city added that it has compiled the budget to establish a sustainable future growth foundation and support stable citizen living, develop customized policies to respond to demographic changes, create outcomes from the 8th popular mandate pledges, and improve citizens' quality of life.

The main revenue sources of the general account are local taxes and non-tax revenues of 87.57 billion won, and local transfer tax and adjustment transfer grants of 28.38 billion won, with autonomous resources increasing by 3.74 billion won compared to the previous year. National and provincial subsidy grants are 85.93 billion won, an increase of 4.18 billion won from the previous year.

General account expenditures for self-directed projects total 93.19 billion won, an increase of 1.44 billion won (1.57%) compared to the previous year. Major projects include the construction of the Dongsak-dong Administrative Welfare Center, relocation and new construction of the Etiquette Education Center, construction of the Western Disability Welfare Center, and the construction project for extending the Seoul Metropolitan Express Railroad (GTX)-A to Pyeongtaek. National and provincial subsidized projects are 115.06 billion won, an increase of 4.02 billion won (3.62%) from the previous year. Major projects include the relocation and new construction of Paengseong Library, the Pyeongtaek hydrogen city development project, and the clean hydrogen testing, evaluation, and demonstration support center construction project.

By sector, the breakdown is as follows: △Social welfare 93.97 billion won (45.1%) △Transportation and logistics 20.78 billion won (9.9%) △Environment 16.68 billion won (8.0%) △Agriculture, forestry, and fisheries 10.38 billion won (5.0%) △National land and regional development 9.88 billion won (4.8%) △General public administration 9.03 billion won (4.3%) △Culture and tourism 8.22 billion won (4.0%) △Health 4.84 billion won (2.3%) △Education 4.49 billion won (2.2%) △Industry, small and medium business, and energy 3.76 billion won (1.8%) △Public order and safety 1.74 billion won (0.8%).

Meanwhile, the 2026 budget proposal submitted by the city to the city council is scheduled to be decided and finalized at the plenary session on December 15.