Budget
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 Conditions
General Accounts |
Special Accounts |
Annual Revenue Categories |
Budget |
Compositional Proportion |
Annual Revenue Categories |
Budget |
Compositional Proportion |
Total |
2,307 |
100% |
Total |
53 |
100% |
Self-generated revenue |
485 |
21 |
Self-generated revenue |
32 |
60.4 |
|
Local tax |
333 |
14.4 |
|
Local tax |
- |
|
|
Non-tax revenue |
152 |
6.6 |
|
Non-tax revenue |
32 |
60.4 |
Externally sourced revenue |
1,822 |
79 |
Externally sourced revenue |
21 |
39.6 |
|
Local subsidy |
43 |
1.9 |
|
Local subsidy |
- |
|
|
Adjustment grants |
313 |
13.6 |
|
Adjustment grants |
- |
|
|
Government subsidy |
1,466 |
63.5 |
|
Government subsidy |
21 |
39.6 |
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
Categories 2009~2013
Categories |
2009 |
2010 |
2011 |
2012 |
2013 |
Budget |
Budget |
Increase rate |
Budget |
Increase rate |
Budget |
Increase rate |
Budget |
Increase rate |
Onset |
1,642 |
1,838 |
11.9 |
2,005 |
9.1 |
2,164 |
7.9 |
2,360 |
9.1 |
Final |
2,189 |
2,306 |
5.3 |
2,399 |
4 |
2,537 |
5.8 |
- |
- |
- Budge of revenues at the onset of fiscal year of 2013 is composed of self-generated Income accounting for 21.9% and externally sourced income accounting for 78.1%, and, over the last 4 years, the self-generated Income had annual average increase rate of 12.23% while the externally sourced income had average annual increase rate of 8.85%, thereby showing continued increase in both area.
Categories 2009~2013
Categories |
2009 |
2010 |
2011 |
2012 |
2013 |
Budget |
Budget |
Increase rate |
Budget |
Increase rate |
Budget |
Increase rate |
Budget |
Increase rate |
Total |
1,642 |
1,838 |
11.9 |
2,005 |
9.1 |
2,164 |
7.9 |
2,360 |
9.1 |
Self- generated income |
328 |
363 |
10.7 |
438 |
20.7 |
498 |
13.7 |
517 |
3.8 |
Externally sourced income |
1,314 |
1,475 |
12.3 |
1,567 |
6.2 |
1,666 |
6.3 |
1,843 |
10.6 |
Municipal Bond |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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.
Categories, Grand Total, City Hall 2013
Categories |
Grand Total |
City Hall |
2013 |
Total |
Daedeok- gu |
Dong-gu |
Jung-gu |
Seo-gu |
Yuseong- gu |
Total |
43,614 |
29,270 |
14,344 |
2,360 |
2,957 |
2,607 |
3,605 |
2,815 |
General Accounts |
38,023 |
24,270 |
13,753 |
2,307 |
2,804 |
2,445 |
3,475 |
2,722 |
Special Accounts |
5,591 |
5,000 |
591 |
53 |
153 |
162 |
130 |
93 |
Compositional ratio (%) |
100.00 |
67.1 |
32.9 |
5.4 |
6.8 |
6.0 |
8.3 |
6.5 |
Areas of Key Investment Projects in 2013
Categories, Grand Total, City Hall 2013
Areas |
Onset of 2013 |
Onset of 2012 l |
Increase/ reduction |
Increase rate (%) |
Total |
2,360 |
2,164 |
196 |
9.1 |
General public administration |
119 |
120 |
11 |
Δ 1 |
Public order and safety |
5 |
4 |
1 |
25 |
Education |
45 |
35 |
10 |
28.6 |
Culture and tourism |
34 |
36 |
Δ 2 |
Δ 5.6 |
Environmental protection |
56 |
59 |
Δ 3 |
Δ 5.1 |
Social welfare |
1,174 |
1,035 |
139 |
13.4 |
Public health |
49 |
48 |
1 |
2.1 |
Agriculture, forestry, maritime and fisheries |
32 |
25 |
7 |
28 |
Industries, small and medium enterprises |
4 |
4 |
- |
- |
Transportation and traffic |
240 |
247 |
Δ 7 |
Δ 2.8 |
National land and regional development |
115 |
79 |
36 |
45.6 |
Miscellaneous |
487 |
472 |
15 |
3.2 |
Financial forecast and directions of municipal affairs for 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/%)