Yongin City 2011 Budget Confirmed at 1.3268 Trillion Won

Yongin City's 2011 budget has been confirmed at 1.3268 trillion won.

The amount was approved on the 20th at the regular session of the 154th Yongin City Council plenary meeting. This represents a decrease of approximately 733 billion won (5.23%) compared to the 2010 budget (general and special accounts) of 1.4001 trillion won.

The general account budget is 1.0815 trillion won, a decrease of 3.06 billion won (2.76%) compared to 2010, and the special account is 245.3 billion won (public enterprises 182.6 billion won, others 62.7 billion won), a decrease of 42.6 billion won (14.8%) compared to 2010.

The 2011 budget for Yongin City is characterized by a determination to "save from a single sheet of paper to a single pen," with reductions in ordinary expenditures and substantial cuts to event and festival-related expenses, while concentrating investment in welfare and education. Additionally, resources have been allocated to infrastructure installation for building the foundation of a major city and policy projects, with new projects focused on those with completed administrative procedures and ongoing projects allocated for completion-oriented investments.

Operating austerity finances amid difficult economic conditions, with the determination to manage finances as efficiently as possible, budgets in all sectors of general accounts have been reduced with the exception of education, social welfare, health, agriculture, forestry and fisheries, and small and medium business budgets.

The education sector has been allocated 2.139 billion won, a 370 million won increase compared to this year, including 2.5 billion won for a special school for the disabled and 18.2 billion won in educational expenses support. The social welfare sector has been allocated 24.5 billion won for the construction of the Yongin Peace Forest.

A total of 24.98 billion won, an 800 million won increase compared to this year, has been budgeted including 102.4 billion won for childcare and family and women support and 4.2 billion won for patriots' benefits.

The agriculture, forestry and fisheries sector has been allocated 37.6 billion won, a 370 million won increase compared to this year, including 4.6 billion won for agricultural infrastructure maintenance and 13.8 billion won for agricultural and livestock competitiveness enhancement projects. The industry and small and medium business sector has totaled approximately 8.48 billion won, an increase of 48 million won, including 7.8 billion won for industrial promotion and advancement and 30 million won for energy and resource development.

The culture and tourism sector, which experienced the highest decrease of 18.8%, has been budgeted for a total of 84.56 billion won, including 3.3 billion won for the construction of the Bora Library, 1.9 billion won for the Mohyeon Library construction, 28.8 billion won for the Citizen Sports Park development, and 15.8 billion won for sports facilities and elite and recreational sports development.

The transportation and traffic sector budget has been set at 23.99 billion won, a decrease of 13.45% (3.72 billion won) compared to this year, including 85.1 billion won for metropolitan and urban planning road construction and 34 billion won for the Bundang Line extension railroad contribution.

The general public administration sector totals 14.17 billion won, 430 million won less than last year, including 4.2 billion won for employee welfare and benefits and 61.2 billion won for the construction of new dong community centers including the Suji Cultural Welfare Town.

A total of 245.3 billion won in special account budget has been allocated 182.6 billion won to public enterprise special accounts including 113.4 billion won for wastewater treatment projects, and 62.7 billion won to other special accounts including 7.8 billion won for traffic projects, 23.7 billion won for water quality improvement projects, and 28.1 billion won for light rail projects.