The Seoul Metropolitan Government has announced a second supplementary budget of 2.8061 trillion won, with a focus on expanding support for housing and youth. This second supplementary budget for 2024, approved by the Seoul Metropolitan Council on the 29th, totals 2.8061 trillion won. The budget breakdown includes 1.7014 trillion won in general accounts and 1.1047 trillion won in special accounts. With this, the Seoul city's total budget for 2024 will be 45.6191 trillion won. The city plans to use 793.2 billion won to support housing stability for low-income and vulnerable groups. This includes 243.9 billion won for housing rental support, 267.6 billion won for security deposits, and 281.7 billion won for housing maintenance. Additionally, 247.2 billion won will be allocated to support youth, including 132.6 billion won for youth housing support and 114.6 billion won for youth education and career development. The city also plans to use 352.9 billion won for transportation and 297.9 billion won for infrastructure and disaster prevention. The city aims to minimize the financial burden on citizens and promote a balanced regional development through this second supplementary budget.
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