Jeonbuk Special Self-Governing Province has prepared the second supplementary budget proposal for the year 2026, amounting to 11 trillion 8,201 billion won, which was submitted to the provincial council. This is an increase of 576.1 billion won, or 5.1%, from the original budget of 11 trillion 2,440 billion won.
By account, the general account increased by 527.2 billion won to 9 trillion 8,409 billion won, while the special account increased by 106 billion won to 1 trillion 1,236 billion won. The funds also increased by 383 billion won to 8,556 billion won.
Jeonbuk Province explained that the focus of this supplementary budget is on responding to the government's supplementary budget, selecting projects in cooperation with central ministries, reflecting local expenses due to changes in national funding, and allocating funds for essential projects that were not fully included in the original budget. However, as the province's own revenue conditions are not sufficient, it has decided to issue local bonds worth 150 billion won, which will remain a challenge for future financial soundness management.
The supplementary budget also includes budgets related to disabilities and welfare. A budget of 98 billion won has been allocated for the construction of a rehabilitation hospital in the Jeonbuk region. This project aims to expand medical rehabilitation infrastructure for residents in the province who are disabled, severely ill, or in need of rehabilitation treatment after accidents or illnesses. If the rehabilitation hospital is implemented as planned, it is expected to improve access to rehabilitation treatment within the province and alleviate the burden of long-distance medical care.
Budgets for low-income household stability include 131.88 billion won for livelihood support and 32.73 billion won for housing support. Livelihood support is a budget for ensuring the minimum living standards of basic livelihood security recipients, while housing support is for assisting low-income households with rent and housing repairs. Given the ongoing high prices and housing cost burdens, these support budgets are expected to function effectively for vulnerable groups.
A budget of 318.78 billion won has been allocated for supporting public interest projects in rural and fishing villages. This budget, which serves as an agricultural community welfare allowance, is expected to contribute to maintaining the income and community cohesion of rural residents. The pilot project for basic income in rural areas, amounting to 463.53 billion won, is also included, which is expected to assess the effectiveness of policies for addressing regional depopulation and stabilizing rural livelihoods.
Additionally, the budget for disaster management and relief funds has been increased by 237.8 billion won. Although not directly related to welfare benefits, this budget is used for disaster recovery and emergency relief in times of disasters, which is significant for protecting vulnerable groups and enhancing social safety nets.
In response to the government's supplementary budget, various projects have been included, such as 40.71 billion won for stabilizing prices of inorganic fertilizers, 13.42 billion won for supporting household solar power systems, 10.76 billion won for public transportation fare refunds, and 10.11 billion won for a pilot project on youth experiences in social solidarity economy.
Projects selected in cooperation with central ministries and reflecting changes in national funding include the pilot project for basic income in rural areas, the construction of a rehabilitation hospital in the Jeonbuk region, cultural events in every nook and cranny, and the establishment of a multi-battery system multi-load evaluation base.
Urgent provincial affairs included in the budget are 71.13 billion won for financial support for intercity, intracity, and rural buses, 18 billion won for establishing a live broadcasting system for comprehensive situation rooms, 15 billion won for analyzing strategic plans for expanding renewable energy, and 15 billion won for pre-planning the establishment of a Physical AI demonstration site.
While the necessity of this supplementary budget is acknowledged for reflecting livelihood, welfare, and national funding-related projects, the effectiveness of budget execution and future debt management should be jointly reviewed, especially considering the issuance of local bonds for funding. It is crucial that the speed of project implementation and budget management are prioritized to ensure that welfare and rehabilitation-related budgets effectively lead to improved medical accessibility, stability in livelihoods, and protection of vulnerable groups among residents.
Governor Lee Won-taek of Jeonbuk Special Self-Governing Province stated, "This supplementary budget was prepared with a focus on essential projects even under difficult financial conditions," and added, "We will operate the budget responsibly, and the promises of the 9th local government will be gradually implemented starting from next year's original budget after thorough consideration."
The supplementary budget proposal will undergo proposal explanations on the 16th and be reviewed by the provincial council from the 16th to the 30th.
📝 Brief Summary:
Jeonbuk Special Self-Governing Province has submitted a second supplementary budget proposal for 2026, totaling 11 trillion 8,201 billion won, representing a 5.1% increase from the original budget. The budget includes allocations for various projects such as a rehabilitation hospital, livelihood and housing support, disaster management, and public interest projects in rural areas.
🗣️ Natural Korean Translation:
전북 특별자치도는 2026년 제2차 추가경정예산안을 제출했으며, 원래 예산대비 5.1% 증가한 11조 8,201억원을 포함하고 있습니다. 이 예산은 재활병원, 생계 및 주택 지원, 재난 관리 및 시골 지역의 공익 프로젝트 등 다양한 프로젝트에 할당되어 있습니다.
❓ Comprehension Questions:
1. What is the total amount of the second supplementary budget proposal for 2026 in Jeonbuk Special Self-Governing Province?
전북 특별자치도의 2026년 제2차 추가경정예산안의 총액은 얼마인가요?
2. What are some of the projects included in the supplementary budget proposal?
추가경정예산안에 포함된 일부 프로젝트는 무엇인가요?
3. How does the province plan to address the insufficiency of its own revenue conditions for the supplementary budget?
추가경정예산안을 위해 지방의 자체 수입 상황의 부족을 어떻게 해결할 계획인가요?
💡 Vocabulary Learning:
1. supplementary (추가의, adjective)
- added to something else in order to improve it or complete it
- 다른 것에 추가하여 개선하거나 완성하는 것
- The government allocated supplementary funds for the new infrastructure project.
- 정부는 새 인프라 프로젝트를 위해 추가 자금을 할당했습니다.
2. allocation (할당, noun)
- the action or process of distributing something
- 어떤 것을 분배하는 행위 또는 과정
- The allocation of resources is essential for the success of the project.
- 자원의 할당은 프로젝트의 성공에 필수적입니다.
3. infrastructure (인프라, noun)
- the basic physical and organizational structures and facilities needed for the operation of a society or enterprise
- 사회나 기업의 운영을 위해 필요한 기본적인 물리적 및 조직적 구조 및 시설
- The government invested in improving the country's infrastructure.
- 정부는 국가의 인프라를 개선하기 위해 투자했습니다.
4. cohesion (응집, noun)
- the action or fact of forming a united whole
- 통일된 전체를 형성하는 행위 또는 사실
- Social cohesion is important for a stable society.
- 사회 응집은 안정된 사회에 중요합니다.
5. vulnerability (취약성, noun)
- the quality or state of being exposed to the possibility of being attacked or harmed, either physically or emotionally
- 신체적 또는 정서적으로 공격 당하거나 손해를 입을 가능성에 노출되어 있는 품질 또는 상태
- The elderly are often more vulnerable to certain illnesses.
- 노인들은 종종 특정 질병에 더 취약합니다.
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