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Balanced National Development, Projects and Budget

What is Balanced National Development?

  • The Government formulates a five-year balanced national development plan in accordance to Article 4 of the Special Act on Balanced National Development and establishes action plans every year to carry out this balanced national development effectively.

Overview of the Five-Year Balanced National Development Plan

Five-Year Balanced National Development Plan(2018~2022)

  • 3 Strategies
  • 9 Key Tasks
  • 37 Action Tasks

Implementation Plan (Annual)

Target : 334 Tasks for the 「Five-Year Balanced National Development Plan」

  • Sectoral Action Plans(Central Administrative Agencies)
  • Regional Action Plans(Cities and Provinces)

Balanced National Development Projects are all projects established and carried out according to the actions plans of the Five-Year Balanced National Development Plan (General Accounts, Special Accounts for Balanced National Development, other special accounts and funds) and they also include new projects, non-budget projects and projects carried out with local governments’ own funds.

Project Areas

  • Matters relating to establishing and activating regional innovation systems
  • Matters relating to invigorating regional economies, such as the fostering of regional industries and job creation
  • Matters relating to improving educational conditions in the region, fostering regional human resources
  • Matters relating to promoting science and technology in the region
  • Matters relating to developing regional development hubs and expanding transport and logistics networks
  • Matters relating to promoting regional culture/tourism and preserving environment
  • Matters relating to expanding regional welfare, health and medical care
  • Matters relating to activating regional finances
  • Matters relating to accelerating the development of growth promotion areas, areas of special concern, rural areas, etc.
  • Matters relating to relocating public entities, etc. to provincial areas and reinvigorating innovation cities
  • Matters relating to designating and fostering national innovation clusters

Balanced National Development Special Accounts Projects

  • The Special Act on Balanced National Development (Special Accounts for Balanced National Development)

Purpose of the Special Accounts

  • The purpose is to efficiently manage, pursue and support the projects related to a balanced national development plan government agencies and local government are individually carrying out under the same special account and, to redress imbalance between regions and to facilitate locally specialized and independent development.

Overview of the Special Accounts for Balanced National Development

Budget for the Special Accounts for Balanced National Development (Unit: KRW 1 million)

국가균형발전특별회계 예산 추이로 구분별 2015년,2016년,2017년,2018년,2019년,2020년 정보가 나열되어 있습니다
Category 2015 2016 2017 2018 2019 2020
Total 10,338,940 9,973,926 9,462,271 9,889,905 10,748,531 9,232,811
Local Support Account 5,368,589 4,918,356 4,728,768 4,203,522 4,760,211 6,613,132
Local Autonomous Account Sub-total 4,498,064 4,590,081 4,304,873 5,264,103 5,548,288 2,313,150
By Cities and Provinces 2,808,074 2,862,799 2,914,059 3,530,440 3,720,106 1,192,590
By Si, Gun, Gu(Lower level local government) 1,689,990 1,727,282 1,390,814 1,733,663 1,828,182 1,120,560
Sejong Special Self-Governing City Account 102,218 103,694 102,649 100,428 103,496 72,808
Jeju Special Self-Governing Province Account 370,069 361,795 325,981 321,852 336,536 233,721

Reference : The Ministry of Economy and Finance

Changes in the Budget

  • Increase in Support Accounts: Transfer of Projects for Promoting Leading Industries in Economic Regions and regional infrastructure (roads and railways) projects from other accounts to the Special Accounts for Balanced National Development
  • Decrease in Autonomous Accounts: Transfer of state-funded local highways to Support Accounts, disaster prevention projects to General Accounts
  • Increase in Autonomous Accounts: Significant increase in Autonomous Accounts to improve the quality of people’s lives (Example: restoration of ecological rivers and streams, repair of small rivers and streams, regional autonomous social service investment projects, etc.)
  • Decrease in Autonomous Accounts: Transfer of KRW 3.5 trillion worth of autonomous account projects including comprehensive support projects to regions.

Structure of the Special Accounts for Balanced National Development

국가균형발전특별회계 기본구조 정보표로 편성방식,지역자율계정,지역지원계정,세종특별자치시계정,제주특별자치도계정 정보가 나열되어 있습니다

Accounts

Formulation Method

 Local Autonomous Account Local Support Account Sejong Special Self-Governing City Account Jeju Special Self-Governing Province Account
Formulated Autonomously by Local Governments By Cities and Provinces ①Formulated Autonomously by Cities and Provinces - ③Projects Formulated Autonomously by Districts, Cities and Provinces
* Including Infrastructure Projects by Districts, Cities and Provinces
④Projects Formulated Autonomously by Districts, Cities and Provinces
* Including Infrastructure Projects by Districts, Cities and Provinces
⑤ Expenses for Transferring Special Local Administrative Agencies’ Work Outside the Capital Area.
By Districts, Cities and Provinces ② Formulated Autonomously by Districts, Cities and Provinces -
Formulated by Government Agencies - ⑥ Projects Formulated by Government Agencies ⑦ Projects Formulated by Government Agencies ⑧ Projects Formulated by Government Agencies