Kim Dong-yeon directs to prepare 'war supplementary budget'... 'proactive support for people's livelihoods and energy' in line with the government
Kim Dong-yeon, the governor of Gyeonggi Province, has initiated the preparation of a supplementary budget in response to the prolonged effects of the Middle Eastern war, emphasizing support for livelihoods and energy.
On April 17, Gyeonggi Province announced its intent to prepare a supplementary budget in response to the ongoing Middle Eastern war and its financial implications. Governor Kim Dong-yeon convened an urgent strategic meeting with key officials to discuss the province's readiness to support the government's supplementary budget efforts in addressing the impacts of the war. He stressed the importance of aligning the province's budgetary measures with the government's strategies, particularly in the areas of people's livelihoods and energy support, which have been severely affected by rising oil prices due to the conflict.
Governor Kim made it clear that, in light of the governmentβs push for a supplementary budget in response to the dire situation in the Middle East, Gyeonggi Province must actively support this initiative. He advocated for a budget that not only expands financial resources but also ensures substantial support for the most vulnerable populations amidst this crisis. He also encouraged the identification of additional revenue sources, including tax collection from high delinquent payers, to enhance the province's financial capacity to support these critical areas.
The government, under President Lee Jae-myung, has emphasized the urgent need for a 'war supplementary budget' aimed at supporting vulnerable communities and export enterprises affected by the turmoil. This context underscores the urgency for local governments like Gyeonggi to respond rapidly and proactively to the challenges posed by international conflicts, reflecting a broader commitment to protect citizens and stabilizing the economy during times of global instability.