Suwon City Compiles 1.4263 Trillion Won Budget for 2013

Suwon City submitted a 2013 budget proposal totaling 1.4263 trillion won to the city council on the 22nd. When including national treasury funds, the total is expected to reach approximately 1.8 trillion won, an increase of about 100 billion won compared to the original 2012 budget.

Major budget allocations by sector in the general account include ▲ 124.9 billion won for general public administration and public order and safety, including inter-account transfers and new government office construction to support administrative systems ▲ 56 billion won for education sector including expanded eco-friendly free school meals, cultivation of talented individuals, and expansion of youth cultural welfare spaces ▲ 96.5 billion won for culture and tourism sector to establish cultural tourism infrastructure and promote citizen recreational sports ▲ 63.3 billion won for environmental protection to create a clean green environment, build a healthy city, and actively respond to climate change.

Additionally, ▲ 66.5 billion won for social welfare including employment stability, job creation, improvement of childcare environment, and support for vulnerable groups such as the elderly and youth ▲ 129.8 billion won for transportation sector including road environment improvements and expansion of metropolitan transportation networks and traffic safety facilities ▲ 63.2 billion won for national land and regional development including creation of green spaces and residential environment improvements for urban regeneration ▲ 12.2 billion won for industry and small-medium business sector to vitalize traditional markets and support new growth industries ▲ 13.3 billion won for other health, agriculture, forestry and fisheries sectors ▲ 187.9 billion won for administrative operations ▲ 136 billion won for reserve funds (including city funding for national and provincial subsidies), among others.

Meanwhile, the special account comprises 476.6 billion won allocated to three public enterprise special accounts including water supply operations and ten other special accounts including urban transportation projects. Additionally, 71.8 billion won has been allocated across thirteen funds including the small and medium enterprise promotion fund.