Politics · South Korea · 2 hrs ago
Eunpyeong proposes 1.3274 trillion won budget for 2027
Eunpyeong District in Seoul proposed a 1.3274 trillion won budget for 2027 and submitted it to the district council.
The proposal is 112.4 billion won larger than this year’s original budget.
The district said the increase is mainly due to higher grants from national and city governments and more real estate distribution tax revenue.
Welfare and health would receive 921.1 billion won, the largest allocation.
The proposal also sets aside 283 billion won for livelihoods and the local economy, 109.1 billion won for the living environment and urban infrastructure, and 49.7 billion won for education and culture.
The council will review the proposal at its regular session, with a final decision expected by December 16.
Eunpyeong District proposed a 1.3274 trillion won budget for 2027 and submitted it to the district council.
The proposed budget is 112.4 billion won higher than this year’s initial budget.
The district said increased revenue from national and municipal subsidies and real estate grant tax was the main reason for the rise.
Welfare and health account for the largest allocation, at 921.1 billion won.
The budget is scheduled for final approval on December 16 after review at a district council session.
- Who
- Eunpyeong District, in Seoul.
- What
- It proposed a 1.3274 trillion won budget for 2027 and submitted it to the district council.
- When
- The proposal was announced on November 4, 2026. Final approval is scheduled for December 16.
- Where
- Eunpyeong District, Seoul, South Korea.
- Why
- The district said increased revenue from national and municipal subsidies and real estate grant tax was the main reason for the increase.
This story does not have two clearly opposing sides.
Eunpyeong District announced that it had submitted its 2027 budget proposal to the district council.
The proposed budget is scheduled for final approval after review at a regular district council session.
- Proposed budget
- 1.3274 trillion won
- Increase from this year’s initial budget
- 112.4 billion won
- Welfare and health allocation
- 921.1 billion won
- Living environment and urban infrastructure allocation
- 109.1 billion won
- Scheduled final approval
- December 16, 2026
1 source
What people are saying
The main factor was an increase in dependent revenues, including national and municipal subsidies and real estate grant tax