The Daegu Metropolitan City budget for the year 2014 is designed as a ‘solid budget to prepare for the future’ and seeks to ensure public safety for Daegu citizens and expand upon the city’s growth potentials.
Budgeted funds for expanding growth potentials to create food items for the future will be used to: invest in creating future growth engine and establishing a foundation for a creative economy through industrial enhancement.
Budgeted funds for expanding SOC and ensuring the safety of citizens will be used to: provide more convenient public transportation (including developing the Daegu Metro Line 3, etc.) and create an even safer city by establishing an integrated control center for CCTV cameras, etc.
Budgeted funds for culture, education, and welfare will be used to: strengthen support for the city’s culture and art, expand educational investments, and push forwards citizen-focused welfare programs
Budgeted funds to improve citizens’ quality of life will be used to: continue to invest in the improvement of the urban environment by funding urban regeneration projects, creating pocket parks, and conducting river improvement projects, etc.
The 2014 totals KRW 6,020,600,000,000, which is an increase of KRW 112.1 (1.9%) from the previous year.
Funds for general accounts total KRW 4,414,700,000,000, which is an increase of KRW 194.7 billion (△4.6%) from the previous year.
Funds for special accounts total KRW 1,605,900,000,000, which is a decrease of KRW 82.6 billion (∇4.9%) from the previous year.
Allocation of Investment Resources by Field
The total net investment for 2014 is KRW 3,996,600,000,000.
The total investment for 2014 is KRW 4,339,800,000,000 (general accounts: KRW 2,971,400,000,000; special accounts: KRW 1,368,400,000,000)
The total net investments amounts to KRW 3,996,600,000,000 where overlapping transfer expenses to accounts of KRW 343.2 billion were deducted (increased by KRW 24.5 billion to record 0.6% increase)
Present status of the allocation of investment resources