Gyeonggi Province Office of Education Confirms Next Year's Budget at 11.2785 Trillion Won

The Gyeonggi Province Office of Education's 2014 fiscal year special education account budget has been confirmed at 11.2785 trillion won after passing through the Gyeonggi Provincial Assembly plenary session on the 20th. The main budget proposal was approved by 96 out of 99 attending members in recognition of the importance of education finance.

During the deliberation process of the 2014 main budget and 2013 supplementary budget, 268.8 billion won in statutory education finance that the Gyeonggi Province government had previously failed to transfer was secured.

Due to Gyeonggi Province government's financial difficulties, 149.2 billion won out of the projected 1.644 trillion won in local education tax collection for 2014 could not be included in the main budget. The Gyeonggi Province government must transfer this amount as scheduled through the first supplementary budget.

In response to the 149.2 billion won reduction in the revenues budget, expenditures were adjusted across 11 items, including 132.2 billion won for teacher and local civil servant salaries and 15 billion won for textbook purchases.

Special grants of 7.1 billion won (disaster measures) confirmed on the 9th were additionally allocated to school basic operations to expand educational opportunities for students.

An official from the Provincial Office of Education stated, "Through the 2014 main budget and 2013 supplementary budget, we have secured statutory education opportunities for 1.85 million Gyeonggi students, and we are pleased that the statutory transfers between the provincial education office and the provincial government have been normalized."