Suwon City's 2012 Budget: 1.7 Trillion 43 Billion Won

Next year's Suwon City budget totals 1.7 trillion 43 billion won, with a plenary session vote scheduled for today (the 19th).

The Suwon City Council (Council Speaker Kang Jang-bong), currently holding its 286th regular session, 2nd session, convened the Budget and Settlement Special Committee (Chairwoman Lee Jae-seon) on the 15th and resolved a budget of 1.7 trillion 43 billion won (general account 1.1 trillion 710 billion, special account 533 billion) after cutting 4.43 billion won across 134 projects from the 2012 revenue and expenditure budget submitted by the executive branch.

The Budget and Settlement Special Committee (hereafter referred to as the Special Committee) established four subcommittees consisting of 16 members, four from each standing committee including the General Affairs and Economy Committee, to enhance the efficiency of its operations, and conducted budget review deliberations over four days from the 12th to the 15th.

The Special Committee comprehensively deliberated the entire budget, which included 4.18 billion won in cuts across 130 projects through preliminary review by the four standing committee members in each subcommittee, based on criteria including project urgency and appropriateness and the degree of public benefit.

The First Subcommittee (Subcommittee Chair Kim Sang-wook) cut 1.53 billion won across 58 projects under the jurisdiction of the Council Operations and General Affairs and Economy Committee, and the Second Subcommittee (Subcommittee Chair Jeon Yong-du) cut 1.24 billion won across 45 projects under the jurisdiction of the Culture, Welfare and Education Committee.

Additionally, the Third Subcommittee (Subcommittee Chair Lee Hye-ryeon) cut 1.13 billion won across 23 projects under the jurisdiction of the Urban Environment Committee, and finally the Fourth Subcommittee (Subcommittee Chair Kim Hyo-bae) resolved cuts of 520 million won across eight projects under the jurisdiction of the Construction and Development Committee.

A City Council official commented, "In next year's budget, event-related expenses faced headwinds, while budgets for job creation and citizen livelihood stability in consideration of difficult economic conditions sailed with favorable winds."

The budget approved by the Special Committee will receive final approval at the third plenary session to be held today.