Seoul's budget for next year is 48 trillion...Measures for low birth rate, health and safety

The Seoul Metropolitan Government has set aside 48.407 trillion won for next year's budget, up 5% from the previous year.

Seoul Mayor Oh Se-hoon unveiled next year's budget plan that focuses on seven key tasks, including protecting citizens' health and safety and responding to the climate crisis, including changes in demographic structure such as low birth rate and aging population.

will first invest 1 trillion won in the supply of public rental housing, including housing support for newlyweds and young people, and double the budget for childbirth and childcare to continue hopes of a rebound in low birth rates.

In addition, he said he will expand exercise spaces and convenience facilities in subway stations so that any citizen can easily exercise, and reorganize 10 river spaces in the city to make them a "good city for walking and exercising."

Regarding revitalizing the Seoul economy, it will increase by 5.3 billion won to 42.1 billion won with research and development support funds from small and medium-sized enterprises and startups, and provide support for small business management funds, consulting, and follow-up management.

At the same time, we have established a tight public care system to ensure that everyone receives sufficient care services at the time they want, started supporting isolated and hidden citizens, and expanded the budget for retraining and meal support for the elderly.

The budget for responding to the climate crisis and safety has been allocated to construction of the deep rainwater drainage tunnel, supporting the supply of renewable heat, and investment in installing sprinklers to respond to the fire of electric vehicles in apartments.

In addition, the budget for balanced development through spatial innovation in each Seoul area, the budget for guaranteeing the right to move the transportation disadvantaged, and the veterans' budget for patriotic martyrs and meritorious people were also included.The city of

stressed that it maintained a sound fiscal stance under the firm principle of actively investing in essential areas but not increasing the burden of future generations, saying that the overall budget has increased but the debt continues to decrease.