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Gwangju City forming its largest budget in history for next year.

광주시역대 최대 57천억 예산 편성…일자리 창출에 9200


Gwangju City will ask for a total of 5.7 trillion won in budget for next year and submitted the request to the City Council today. The request consists of 4.6 trillion won in regular budget and 1.1 in special allocations.

 

Compared to this year, it is a 12.4% of increase with 62.9 billion won and is recorded as the largest amount ever proposed.

 

By sectors, social welfare and health took the biggest amount with 40 percent. Also, there were sectors that jumped such as public order and safety with 24 percent, environment with 19 percent, traffic with 25 percent and more.

 

For local businesses, a total of 50 billion won will be invested into an AI Centered City project including 43 billion from the government. The Gwangju Type Job project will receive 27 billion won while more than 100 billion will go to the Gwangju Metro.  

 

The City showed their strong intention on the Creating a Good Jobbusiness as 20 percent of the regular budget, 92 billion won, will be invested to strengthen 100,000 workplaces.

 

An official said, The extended amount of budget will help to develop the local economy. The City will use the money efficiently to improve the quality of lives for  citizens.

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