Suwon City Allocates 1.4263 Trillion Won for 2013 Budget

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 budget is expected to reach approximately 1.8 trillion won, an increase of about 100 billion won compared to the initial 2012 budget.

Key budget allocations by sector in the general account include ▲124.9 billion won for general public administration and public order and safety to support administrative systems including inter-account transfers and construction of new public buildings ▲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 sports ▲63.3 billion won for environmental protection sector to create pleasant green environments, healthy cities, and actively address climate change.

Additionally, ▲66.5 billion won for social welfare sector to support employment stability, job creation, improved childcare environment, and vulnerable groups such as elderly and youth ▲129.8 billion won for transportation sector including road environment improvement and expansion of metropolitan traffic networks and traffic safety facilities ▲63.2 billion won for land and regional development sector for urban regeneration including green space creation and residential environment improvement ▲12.2 billion won for industry and small business sector to invigorate traditional markets and support emerging 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 municipal budget contributions to national and provincial subsidies), among other allocations.

Meanwhile, the special account comprises 476.6 billion won allocated to three public enterprise special accounts including water supply projects and ten other special accounts including urban transportation projects, while 71.8 billion won is allocated to thirteen funds including small business promotion funds.