Suwon City Compiles First Supplementary Budget of 1.86 Trillion Won, Up 155.3 Billion Won

Suwon City compiled its first supplementary budget of 155.3 billion won and submitted it to the city council on the 25th.

As a result, Suwon City's total budget for this year increased by 9.11 percent from 1.7041 trillion won to 1.8594 trillion won.

The general account stands at 1.3076 trillion won, a 11.55 percent increase from the original budget, while the special account amounts to 551.8 billion won, up 3.52 percent.

By sector, allocations include 23.2 billion won for general public administration, 1.1 billion won for public order and safety, 3.7 billion won for education, 14.7 billion won for culture and tourism, 9.2 billion won for environmental protection, 34.5 billion won for social welfare, 3.9 billion won for agriculture, forestry, and fisheries, and 42 billion won for transportation and traffic.

The budget reflects changes in non-tax revenue since the original budget was compiled, as well as newly allocated national treasury subsidies and local education grants.

The expenditure was structured primarily around essential funds for implementing key city projects and urgent pending projects.

Meanwhile, the budget will be submitted to the 291st regular session of the Suwon City Council, which begins on July 2nd, and will be finalized on the 17th following deliberation and passage.