Gyeonggi Province Secures 24.845 Trillion Won in Local Allocation Tax

Gyeonggi Province's 2013 local allocation tax has been confirmed at 24.845 trillion won, an increase of 320.1 billion won (14.8%) compared to the previous year.

According to the province on the 13th, the 2013 ordinary allocation tax for Gyeonggi Provincial Government was 112.4 billion won, an increase of 35.1 billion won from the previous year, marking a 45.4% increase. For cities and counties, the amount reached 2.1149 trillion won, an increase of 268.2 billion won, representing a 14.5% increase from the previous year.

Non-recipient organizations with a fiscal strength index of 1 or higher, which do not receive ordinary allocation tax, number six cities: Suwon, Seongnam, Gwacheon, Goyang, Yongin, and Hwaseong, the same as the previous year.

In the case of the Provincial Government, the ordinary allocation tax of 112.4 billion won, increased by 35.1 billion won through strengthened efforts in calculating standard fiscal demand by discovering new fiscal needs and improving systems, marked a 45.4% increase, significantly higher than the national average increase rate of 6.2% for metropolitan units.

By city and county, Yangpyeong County received the largest allocation tax among cities and counties in the province at 148.9 billion won, an increase of 20 billion won, followed by Pocheon City at 134.2 billion won, Ansan City at 126.8 billion won, and Yeoncheon County at 125.8 billion won. No cities or counties showed a decrease compared to the previous year.

The decentralization allocation tax was confirmed at 159.3 billion won for Gyeonggi Provincial Government, an increase of 10.7 billion won from the previous year, and 97.9 billion won for cities and counties, an increase of 6.1 billion won, representing a 6.7% increase from the previous year.

The Provincial Government saw a 7.2% increase compared to the previous year as specific demands increased by 10.7 billion won, including 5.1 billion won for three major living facilities for the elderly, disabled, and mental health care, and 4.2 billion won for bus transport business. By city and county increases, Yangju City increased by 1 billion won, Yongin City by 950 million won, and Yeoju County by 800 million won.

According to the 2013 ordinary allocation tax determination data, the fiscal strength index for the Provincial Government was 0.97, 0.01 lower than the previous year, and 30 cities and counties excluding Hanam City also showed declines, indicating that Gyeonggi Province's financial conditions are becoming increasingly difficult.

A provincial official stated, "Since local allocation tax is used as an autonomous revenue source in cities and counties, we request that it be used as a top priority in revitalizing the local economy and stabilizing livelihood for ordinary citizens."