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[BUSINESS] · South Korea · 7 sources

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Yeoju City proposes 1.15 trillion won supplementary budget

Yeoju City has submitted its second supplementary budget proposal for 2026 to the City Council, totaling 1.1515 trillion won. This amount represents an increase of 118.6 billion won compared to the first supplementary budget.

The budget focuses on reallocating resources by reducing non-essential administrative expenses. The city has cut 3 billion won from unused execution balances and unnecessary budget items, alongside reductions in domestic and foreign travel expenses and business promotion costs.

Reallocated funds will prioritize projects directly impacting citizens, including the Happy Table support project, waste landfill construction, industrial complex development, and energy-independent village initiatives. Additionally, the city has increased funding for resolving civil complaints by 600 million won and allocated resources for infrastructure improvements such as road expansion, river maintenance, and the renovation of public sports facilities.

Entities

Yeoju City · Yeoju City Council

Claims

What the coverage asserts, and how many sources carry each claim.

  • [● 2 SOURCES] Yeoju City has submitted a second supplementary budget proposal for 2026 totaling 1.1515 trillion won to the City Council. www.incheonilbo.com
  • [● 2 SOURCES] Budget allocations include the Happy Table support project, waste landfill construction, and industrial complex development. www.incheonilbo.com
  • [● 2 SOURCES] The 2026 second supplementary budget is 118.6 billion won higher than the first supplementary budget. www.incheonilbo.com
  • [● 2 SOURCES] The city increased budget for resolving civil complaints by 600 million won. www.incheonilbo.com
  • [● 2 SOURCES] The city cut 300 million won in domestic and foreign travel expenses and 30 million won in business promotion expenses. www.incheonilbo.com
  • [● 2 SOURCES] The city reduced 3 billion won in unused execution balances and unnecessary budget items. www.incheonilbo.com