Gyeonggi Province Secures 2.099 Trillion Won in National Treasury Subsidies This Year

The province announced on the 10th that the national treasury subsidies to be provided to Gyeonggi Province in 2005 have been provisionally confirmed at 2.099 trillion won.

This represents 60.7% of the 3.3112 trillion won in national treasury subsidies that the province originally requested this year.

According to Gyeonggi Province on the 10th, the provisionally confirmed national treasury subsidies this year comprise 1.4794 trillion won in general subsidies, 362.2 billion won in special accounts for balanced regional development, and 168.3 billion won in decentralization grants.

By project, 154.1 billion won was allocated to new construction and expansion of wastewater treatment plants in cities and counties, 24 billion won to waterway and reservoir improvement projects, and 32.9 billion won to improvement of flood-prone areas.

Additionally, 66.6 billion won was confirmed for national-funded local road expansion and paving projects, and 19.9 billion won for rural living environment improvements.

However, the Suwon Gyeonggi Bio Center construction project received only 5 billion won of the 10 billion won the province requested, and the Goyang Tourism and Culture Complex project had its entire 15 billion won budget eliminated during the review process.

In addition, the Paju LCD Industrial Complex wastewater treatment facility project reflected only 83% (19.1 billion won) of the requested 23 billion won, and the border region support project budget was reflected at only 54.7% (16.4 billion won) of the requested 30 billion won.

As such, cases like the Goyang Tourism and Culture Complex project, where national treasury subsidies requested by the province are not reflected at all, indicate that some major project budgets were not included in the government budget during the confirmation process, and delays in implementing these projects are anticipated.

A provincial official stated, "For projects such as the Goyang Tourism and Culture Complex, there are surplus national and provincial funds already secured, so we anticipate there will be no major delays," and added, "However, some projects are expected to experience some delays."