Gyeonggi Province - Saenuri Policy Committee Opens Budget Policy Consultative Meeting

Governor Nam Gyeong-pil requested active cooperation from the Saenuri Party Policy Committee leadership and parliamentary members of the Budget, Accounts and Settlement Committee at the 'Saenuri Party Policy Committee·Gyeonggi Province Budget Policy Consultative Meeting' held at the Gyeonggi Provincial Government at 11:00 a.m. on the 2nd, regarding major national treasury-supported projects in the province.

The meeting was attended by six people including Ju Ho-young, Chairman of the Saenuri Party Policy Committee; Kang Seok-hun, Vice Chairman of the Policy Committee; Lee Hyun-jae, Vice Chairman of the Policy Committee; Lee Hak-jae, Secretary of the parliamentary Budget, Accounts and Settlement Committee; National Assemblyman No Chul-rae, a member of the Budget, Accounts and Settlement Committee representing a district in the province; and Kim Hong-sun, Secretary-General of the Saenuri Party Gyeonggi Province Office.

Governor Nam requested support for major SOC project budgets totaling 1.376 trillion won on this day: ▲Road sector, 765.4 billion won for 4 projects including compensation fees for the Guri~Namyangju~Pocheon private expressway ▲Railway sector, 325 billion won for 4 projects including the construction of the Hanam Line (Sangil~Geomsan) double-track electric railway ▲Local river maintenance projects and 285.7 billion won for 9 projects.

Additionally, he also proposed improvements to laws and systems regarding policy issues including ▲Establishment of convergence·complex R&D; cluster in Gwangmyeong·Siheung ▲Direct connection of KTX Suwon Station departure (Seojungri~Jije Station) ▲System improvement to secure investment capacity for local public enterprises ▲Revision of the Local Education Finance Allocation Law ▲Amendments to fire-related laws to expand fire service finances ▲Increase in local consumption tax rate ▲Increase in the statutory rate of local transfer tax.

Governor Nam said, "To realize mature local autonomous governance through sound local financial management, the current 8:2 ratio of national tax to local tax should be improved to 6:4," and emphasized, "In order to realize substantive 40 percent local autonomy, early implementation of an additional 5% increase in the local consumption tax rate and expansion of national treasury subsidy targets for fire equipment to strengthen fire service finances are necessary."