A view of Yeongcheon City Hall. [Yeongcheon City]
A view of Yeongcheon City Hall. [Yeongcheon City]

Yeongcheon, North Gyeongsang Province, has drawn up a second supplementary budget of 1.57 trillion won ($1.13 billion) for 2026 and submitted it to the Yeongcheon City Council on Wednesday, the city announced Thursday.

The proposed budget is 192.8 billion won, or 14 percent, more than the first supplementary budget of 1.37 trillion won.

The city said it focused the budget on accelerating campaign pledges and key pending projects under the ninth directly elected administration, while also targeting economic recovery, improved quality of life for residents and the securing of future growth drivers.

Major infrastructure allocations include 15.3 billion won for road widening between Geumho and Daechang, 5 billion won for the development of the Geumho general industrial complex, 4.5 billion won for the Donam general industrial complex, 1 billion won for road expansion connecting Yeongcheon and the Cheongtong-Wachon interchange, 650 million won for landscape improvements on the access road to the horse racing park, and 200 million won for a master plan study on the relocation of military facilities.

The budget also sets aside 18.8 billion won in victim support funds for high fuel prices, 7.5 billion won to support the issuance of Yeongcheon Love gift certificates, 2.2 billion won to cover interest rate differentials on operating loans for small and medium-sized enterprises, 4.5 billion won in fuel subsidies for freight, bus and taxi operators, 4.3 billion won for community improvement projects requested by neighborhood residents, 1 billion won for the construction of a senior welfare center, and 400 million won for landscape lighting along the cherry blossom path at Wansan riverside.

The second supplementary budget for 2026 is set to be finalized on Sept. 11 after review at the first regular session of the 254th Yeongcheon City Council.

Yeongcheon Mayor Kim Byeong-sam said the supplementary budget was drawn up with a focus on reviving the local economy and securing momentum for campaign pledges and key projects under the ninth directly elected administration. "As soon as the budget is confirmed, we will move swiftly to implement it and bring about changes that citizens can feel in their daily lives," he said.


kbj7653@heraldcorp.com