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 Direction of 2015 Budgetary Process 
 

Budget

 
  • The budget for 2015 is KRW 6.1760 trillion, 2.6 percent (KRW 155.4 billion) higher than the previous year’s original budget.
  • General accounting, with an increase in government subsidies, is now KRW 4.6888 trillion, representing a 6.2-percent (KRW 274.1 billion) increase over the previous year’s original budget.
  • Special accounting makes up KRW 1.4872 trillion, approximately 7.4 percent (KRW 118.7 billion) less than last year due to the construction of Subway Line No. 3 (KRW 236.9 billion) and the installation of subway platform screen doors (KRW 60 billion).

Budget

 

Distribution of Investment Resources by Sector

  • The total budget for expenses in 2015 (KRW 6.1760 trillion, including general and special accounting) has increased by about 2.6 percent over that of last year.
  • (Unit: KRW 100 million)
  •  
  • Distribution of Investment Resources by Sector
 
  • The creative economy sector has grown significantly by 16.1 percent (KRW 48.3 billion).
  • In terms of proportion of the budget, the public safety sector has increased the most at 29.1 percent (KRW 21.5 billion).
  • In terms of scale, the health and welfare sector has increased the most at 11.3 percent (KRW 225.4 billion).
  • While the roads and transportation sector has decreased sharply by 24.7 percent (KRW 235.2 billion).

 

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