Pyeongtaek City Finalizes 2.428 Trillion Won Budget for 2026

[Suwon Ilbo=Park Chan-hyuk] Pyeongtaek City announced on the 16th that it will embark on full-scale financial management to establish sustainable future growth foundations and provide stable citizen living support, following the city council's approval of the 2026 budget on the 15th.

The finalized 2026 budget totals 2.4283 trillion won. The general account stands at 2.0825 trillion won, a 546 billion won increase (2.69%) compared to the previous year. The special account is 345.8 billion won, representing a 576 billion won decrease (14.2%) from the previous year due to reduced cost-sharing contributions amid economic downturn.

The city council reduced the city's proposed spending budget of 2.4283 trillion won by 67 billion won, with 58 billion won cut from the general account and 9 billion won from the special account. The reduced budget is scheduled to be used for urgent and unforeseen projects in the 2026 first supplementary budget.

Despite difficult fiscal conditions, the city allocated an additional 546 billion won to the general account compared to the previous year to ensure safe citizen living, expand living-centered welfare services, actively respond to climate change, and establish future growth drivers and sustainable development foundations.

A city official stated, "The 2026 budget is a people's livelihood budget protecting citizens' lives and an investment budget preparing for the region's future," and emphasized, "We will efficiently manage limited resources to create results that citizens can directly feel."

The confirmed budget is scheduled to be executed in full from January 2026 following related procedures.