Gyeonggi Province Promotes Tax System Reform and Local Finance Enhancement at National Assembly Legislative Expo

At the legislative expo to be held for two days starting from May 5 at the National Assembly, Gyeonggi Province plans to raise awareness about the necessity of tax system reform to resolve the deterioration of local finances.

Gyeonggi Province has set the theme of its promotional booth as "The future exists, Gyeonggi connects," and decided to strengthen promotion in three areas: policy, taxation, and budget. In particular, it will also introduce representative public-focused policies such as the Gyeonggi Comfort G-Bus.

Lee Won-gu, the head of public relations and planning at Gyeonggi Province, said, "We have prepared the promotional booth so that residents can easily and enjoyably access Gyeonggi Province's public policies and tax reform tasks through quizzes and hands-on experiences. We hope this will be an opportunity for many people to take interest in Gyeonggi Province's policies."

In the policy field promotion, it will introduce public-focused policies that residents can directly experience, such as the Gyeonggi Comfort G-Bus and Gyeonggi Real Estate Peace of Mind. In the budget field, the province plans to clearly communicate its position on improving the calculation standards for ordinary transfer grants and the Future Response Fund.

Particularly in the taxation field, which is directly connected to local finances, Gyeonggi Province will promote the contents of local tax system reform it is pursuing, including a plan to gradually raise the local consumption tax rate from the current 25.3% to 40.3% and a plan to transfer 5% of corporate tax as a regional local tax.

Meanwhile, the '2026 National Assembly Legislative Expo,' hosted by the National Assembly, is a citizen-participation event that connects citizens' ideas to laws and policies, and the proposed policy tasks will be utilized as materials for legislative and policy review.