City
Epaper

Seoul draws up $897mn extra budget bill to fight Covid

By IANS | Updated: March 17, 2022 12:25 IST

Seoul, March 17 The Seoul city government has drawn up a 1.1 trillion won ($897.3 million) supplementary budget ...

Open in App

Seoul, March 17 The Seoul city government has drawn up a 1.1 trillion won ($897.3 million) supplementary budget bill to bolster its fight against Covid-19 and support businesses hit by the pandemic, officials said on Thursday.

The extra budget, which comes in addition to the regular budget of a record high 44 trillion won, was urgently put together as the omicron wave continues to weigh on the livelihoods of people and drives up demand for disease prevention measures, officials said.

Of the extra budget, 424.8 billion won will be spent to support people and for business to return to normal, such as a scheme to dole out 1 million won in financial assistance to some 80,000 small businesses each, the city said.

Another 206.1 billion won will go to virus prevention measures, such as financial support for those hospitalized or under quarantine for Covid-19 infections, as well as distribution of self-test kits to the vulnerable.

The bill also includes a spending of 113 billion won on measures to bolster the safety and security of city life, including a plan to replace street lamps in areas populated by one-person households.

The city government plans to submit the budget bill to the city council later in the day for approval.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

MaharashtraMumbai News: Cops Arrest Trio for Opening Fake Bank Accounts Under ‘Ladki Bahin’ Scheme for Cyber Fraud

NationalKarachi was in line of fire during Operation Sindoor, affirms Indian Navy

InternationalIndia insisted on direct communication between the DGMOs, rejecting any third-party assurances: Sources

NationalOperation Sindoor: Know what India has achieved

Other SportsIndia bags seven medals at Archery World Cup 2025 in Shanghai; Bronze for Deepika Kumari, Parth Salunkhe

Politics Realted Stories

MaharashtraPower Struggle in Maharashtra? Gulabrao Deokar, Satish Patil Join Ajit Pawar’s NCP Amid Mahayuti Rift

Maharashtra'Unity Not Just for Elections': MNS Leader Sandeep Deshpande on Possible Thackeray Alliance

PoliticsMurshidabad Violence: Shehzad Poonawalla Slams Yusuf Pathan Over Tea Post, Says, “As Hindus Get Slaughtered…”

PoliticsTamil Nadu Assembly Elections 2026: BJP-AIADMK Join Hands, Palaniswami To Lead Alliance, Says Amit Shah

Politics‘No Injustice to Muslims’: Shiv Sena Leader Manisha Kayande Slams Opponents of Waqf Amendment Bill