Jecheon City’s Second Supplementary Budget for 2024: A Focus on Citizens’ Lives and Local Economic Growth

Jecheon City Hall

Jecheon City has submitted its second supplementary budget for 2024 to the city council, with a total increase of 73.3 billion won to 1.2388 trillion won. The general account has increased by 69.8 billion won to 1.0906 trillion won, while the special account has increased by 3.5 billion won to 148.2 billion won.

The expenditure budget by sector has seen significant increases in the following areas:

• Industry, small and medium-sized enterprises, and energy: 16.4 billion won
• Agriculture, forestry, marine and fisheries: 14.2 billion won
• Land and regional development: 12.4 billion won

According to the city, this supplementary budget focuses on providing customized budget support that directly affects citizens’ lives and promoting consumption and investment projects to create a self-sustaining local economic ecosystem. This move is seen as a response to the local economic conditions that have been struggling due to the domestic economic recession in the first half of the year.

Major projects that have been allocated funds include:

• Urban revitalization projects such as Love Tour and City Tour: 430 million won
• Additional issuance of Jecheon Love Gift Certificates: 2.6 billion won
• Small-scale resident-wanted projects: 4.9 billion won
• Small stream improvement projects: 8.7 billion won

In addition, the budget has allocated funds for various social welfare projects, including:

• Tuition support for college students from families with many children: 1.2 billion won
• Senior citizen center support project expenses: 680 million won
• Construction expenses for rural workforce dormitories: 2.04 billion won
• Investment attraction promotion funds: 10 billion won

Mayor Kim Chang-gyu of Jecheon City stated, “In the face of limited revenue resources, we have actively responded to the decline in domestic consumption and investment and focused our resources on the people’s livelihood budget and future investment projects that are directly related to citizens’ lives. We will do our best to ensure that the supplementary budget provides real help to citizens through strong cooperation with the city council.”