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Budget Plans and Status

Major investments made in 2017

  • Expansion of investment to foster future growth engines: KRW 112.4 billion
  • Implementation of Daegu Social Welfare Standard project
  • Elimination of chronic traffic congestion and establishment of wide-area transportation infrastructure: KRW 584.0 billion
  • Increase of culture promotion budget for such things as the expansion of cultural infrastructure: KRW 108.5 billion
  • Expansion of financial support for districts (1.64-percentage-point increase in payment ratio of adjustment grants)
  • Expansion of education budget for such things as free, eco-friendly school meals: KRW 523.5 billion
  • Strengthening of public safety against earthquakes, air pollution, and heat waves: KRW 82.1 billion

Size of Budget

2017Special accounting : 1.7627(up 840, growth rate: 5.0%)  General accounting : 5.3231 (up 1.804, growth rate: 3.5%) Total KRW 70,858 trillion (up 2,644, growth rate: 3.9%), 2016 Special Accounting : 16,787 General Accounting : 51,427 KRW 68,214 trillion, 2015 Special Accounting : 14,872 General Accounting : 46,888 KRW 61,760 trillion