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Gwangju-Jeonnam seek to spend largest budget next year

2020년 광주시 예산 57120전남도 81588억원 편성


The City of Gwangju and Jeonnam drew up their budgets for next year with 5.7 and 8.1 trillion won respectively. The amount increased by 12 percent for Gwangju and 10 percent for Jeonnam when compared to this year.

 

Jong Min Kim has more details.

 

The City of Gwangju and Jeollanamdo are set to spend the largest amount of budgets next year.

 

Gwangjus budget plan for 2020 summed up to 5.7 trillion won which is 12.4% larger than this years amount. Gwangju City earmarked 6 major social sectors to invest its budget for next year.

 

Some 900 billion won will be spent to create 100,000 new jobs in the City while some 50 billion won will be invested to create ““Gwangjus AI-centered City Project and Development.

 

The City is also set to spend 27 billion won for the supports of Gwangju Type Job project and 100 billion won for its second subway line construction.

 

However, Jeonnam will increase its 8.1 trillion won next year, up 10.7% from this year, with a primary focus on boosting social welfare and creating jobs.

 

Of 58.4 billion won allocated to social welfare, including farmers allowance, while for the Provinces urban regeneration Fishing Town New Deal 300 project, some 100 billion won has been allocated for safety and environment.

 

The budget will be reviewed by the City Council and should be finalized by December 12th.

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