Gyeonggi Province Secures 2.4845 Trillion Won in Local Transfer Tax

Gyeonggi Province's 2013 local transfer tax has been confirmed at 2.4845 trillion won, an increase of 320.1 billion won (14.8%) from the previous year.

According to the province on the 13th, the ordinary transfer tax for 2013 increased to 112.4 billion won for Gyeonggi Province's provincial office, up 35.1 billion won or 45.4% from the previous year. For cities and counties, the amount increased to 2.1149 trillion won, up 268.2 billion won or 14.5% from the previous year.

Six municipalities—Suwon, Seongnam, Gwacheon, Goyang, Yongin, and Hwaseong—maintained their non-recipient status with a financial strength index of 1.0 or higher, the same as the previous year.

The provincial office received an ordinary transfer tax of 112.4 billion won, up 35.1 billion won through strengthened efforts to calculate standard financial demand by identifying new fiscal needs and improving systems. This represents a 45.4% increase, far exceeding the national average increase of 6.2% for metropolitan governments.

By city and county, Yangpyeong County received the highest transfer tax among province municipalities at 1.489 trillion won, an increase of 20 billion won, followed by Pocheon City with 1.342 trillion won, Ansan City with 1.268 trillion won, and Yeoncheon County with 1.258 trillion won. No cities or counties experienced a decrease compared to the previous year.

The decentralization transfer tax for the provincial office was confirmed at 159.3 billion won, up 10.7 billion won from the previous year, while cities and counties received 97.9 billion won, up 6.1 billion won or 6.7% from the previous year.

The provincial office saw a 7.2% increase from the previous year as specific demand increased by 10.7 billion won, including 5.1 billion won for three major living facilities—elderly care, disability services, and psychiatric care facilities—and 4.2 billion won for bus transportation services. Among cities and counties, increases were largest in Yangju City with 1 billion won, Yongin City with 950 million won, and Yeoju County with 800 million won.

Based on the 2013 ordinary transfer tax decision data, the financial strength index for the provincial office stood at 0.97, down 0.01 from the previous year, and that of 30 cities and counties, excluding Hanam City, also decreased, indicating that Gyeonggi Province's fiscal conditions are becoming increasingly difficult.

A provincial official stated, "Since local transfer taxes are used as autonomous revenue sources by cities and counties, we request that they be prioritized for local economic revitalization and stabilization of livelihood for ordinary citizens."