산호빛도시 대덕구

Financial Conditions

Total budget at the onset of 2013 is 236 Billion Won (financial self-reliance rate of 21.91% with local tax for each of the resident in the municipality of 162,000 Won) and continuously increased investment into the areas of social welfare, education, arts, sports, public health and greenery are being made with the goal of improving the quality of lives of residents in the municipality.

Financial Status of Our Municipality

• Annual budget
  • - During the last 4 years, there is trend of annual increase of 9.50% on the basis of the budget at the onset of fiscal year and average increase of 5.03% on the basis of the final budget

Comparison of Budget for Daejeon City for 2013

• The total budget for the Daejeon Metropolitan City at the onset of fiscal year of 2013 is 4.3614 Trillion Won. Budget for the City Hall is 2.927 Trillion Won and the budget for autonomous regions is 1.4344 Trillion Won, of which the budget for our municipality accounts for 5.4% with budget of 236 Billion Won.

Areas of Key Investment Projects in 2013

Financial forecast for 2013

• Forecast for annual income
  • - Local tax revenue is anticipated to increase slightly in reflection of the gradual increase in official land values
  • - Although the source of financial adjustment grant, which is one of the external financial sources, is changing from acquisition tax to ordinary tax, it is nonetheless forecasted to be similar to the last year while the subsidies are forecasted to increase drastically due to expansion of welfare policies.
• Forecast for annual expenditures
  • - Demands for expenditures related to stabilization of livelihood of ordinary people are anticipated to increase continuously due to display of diverse range of desires of the local residents.
  • - Capacity available for financial expenditures is forecasted not to be substantially improved due to increase in the burden for local expenditures pursuant to the anticipated continuous increase in financial expenditures due to expansion of welfare policy of the central government.

Directions for financial management

• New projects will be deterred as much as possible, while investment will be concentrated into completion of the continuing projects and pending projects closely related to the daily life of the residents.
• Maintain the foundation for healthy financial state through retrenchment including maximal reduction of operating costs < Areas of key investment projects for 2013> (Unit: ’00 million won/%) (Unit: ’00 million won/%) (Unit: ’00 million won/%) (Unit: ’00 million won/%) Budget for our municipality for 2012 (Unit: ’00 million won/%)