Ensuring an all-time large budget of 6 trillion 500 billion won
Providing momentums to projects at issue through the cooperation between the political circles and cities/counties
Jeonbuk Province succeeded in ensuring an all-time large-scale national budget.
The national budget of Jeonbuk Province in 2018 amounts to 6 trillion 568.5 billion won, which increased by 315 billion won compared with this year to have maintained the level of 6 trillion won for five years in a raw.
Accordingly, momentums are provided to the core projects in Jeonbuk Province including Saemangeum International Airport, National Center for Forest Therapy in Jideokgwon, and Donghak Peasant Revolution Memorial Park.
Along with the national budget, the provincial budget of Jeonbuk Province in the next year was formulated and compiled as 6 trillion 405.2 million won which increased by 40% compared with this year, so that both budgets are forecast to exceed 6 trillion won.
Governor Song Ha Jin declared in the provincial office through his press conference on December 6, “we ensured our resources to achieve Jeonbuk Grand Take-off through the systematical cooperation and collaboration between Jeonbuk Province, the political world, and the front lines of cities and counties.”
In this press interview participated National Assembly members including An Ho Yeong(The Minju Party of Korea), Jeong Un Cheon, Park Ju Hyeon(Bareun Party), Jeong Dong Yeong, Kim Jong Hoe, Jo Bae Suk, and Kim Gwang Su(The People’s Party).
Jeonbuk Province and the political community explained, “we successfully ensured our budget for major long-cherished projects in Jeonbuk Province including fostering Jideokgwon Forest Therapy Center, establishing Donghak Peasant Revolution Memorial Park, constructing Saemangeum International Airport, and reclaiming Saemangeum by public initiative, which had been obstructed due to the opposition by the Ministry of Strategy and Finance at the time of Pak Geun-hye administration, so that the pride of Jeonbuk Province was restored.”
In particular, the budget related to Saemangeum recorded an all-time large increase rate(25.1%), which ensured 894.7 billion won to restore the prestige of a national policy project.
In that this Province prepared about 1 trillion 800 billion won as the resources to lead the growth of three major core policies including agricultural policy, tourism, and carbon industry, these industries are planned to be accelerated.
In addition, owing to ensuring the budget for specialized projects in 14 cities/counties, balanced development can be accomplished. Jeonbuk Province and the political circles had a greater difficulty in ensuring their budgets compared with any other times due to the government’s strong expenditure restructuring including suppressing new projects, increasing the burden of local finance, and reducing SOC(social overhead capital) budget.
Local assemblymen expressed, “we did our best to pursue Jeonbuk development and JeonbuK shares in the National Assembly Standing Committees irrespective of the ruling party and the opposing parties. Although the residents of Jeonbuk Province have been alienated in the meanwhile, we hope their dissatisfaction to be resolved because an all-time high budget was ensured.”
Inquiry and Information: Planning Officer, Jeollabuk-do Provincial Office, Telephone +82-063-280-2085