Livelihood and Vulnerable Group Support Budget Execution Rate at 77.9%... Government Emphasizes Timely Delivery

It has been found that nearly 80 percent of the livelihood stability and vulnerable group support projects planned for this year were executed as of last month.

The Ministry of Economy and Finance checked the execution status of major projects during the 14th Fiscal Execution Review Meeting, presided over jointly by relevant ministries at the Government Complex-Sejong by Vice Minister Cho Yong-bum on the 17th.

The livelihood stability and vulnerable group support projects scheduled for this year amounted to 21.2933 trillion won based on the current budget amount reflecting fund operation plan changes to the main budget, out of which 16.5772 trillion won (77.9%) was executed by the end of August.

The execution rates for major projects were as follows: discount support for agricultural and livestock products at 46.6%, agri-food vouchers at 91.1%, small business loans at 74.9%, Onnuri gift certificates at 80.7%, child-rearing expenses for single-parent families at 85.1%, energy vouchers at 88.2%, local love gift certificates at 92.6%, and public transportation fare refund support at 64.8%.

In the field of disaster response and safety support, 6.058 trillion won, or 71.4% of the 8.4842 trillion won, was executed by last month.

Looking at detailed projects, the execution rates were 71.1% for national river maintenance, 55.5% for coastal maintenance, 85.7% for high-speed railway safety and facility improvement, and 75.1% for the introduction and operation of forest aviation helicopters.

The government plans to meticulously manage fiscal execution so that citizens can physically feel its effects ahead of Chuseok, a period when demand for daily necessities increases and public travel is heavy.

Vice Minister Cho urged, "Each ministry must ensure that support for vulnerable groups and projects to alleviate livelihood burdens are delivered in a timely manner to those who truly need them, and closely monitor execution status and on-site bottlenecks until the end to ensure there are no gaps in public safety during the holiday period for disaster and safety projects."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.