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Budget Deliberation / Approval

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Budget

 

The budget is the amount of money designated for the Daegu City Government and the City Department of Education to serve the citizens for oneyear. The draft budget is set by the mayor and the superintendent of education, and reviewed and finalized by the city council. The budget is executed by the mayor and the superintendent before being approved by the city council. The council examines these closely and votes on the draft so that taxpayers' money isnot wasted.

 

Budget Deliberation Process

 
Submission of draft budget
  • - The mayor and superintendent submit draft budget50 days before thebeginning of the fiscal year.
Enunciation of proposal
  • - By mayor and superintendent atthe general meeting
Standing committee deliberation
  • - Related directors explain and answer questions as part of pre-deliberation
Special Committee on Budget and Accounts Deliberation
  • - General deliberation
  • - Hearing onagreementby executive organs regarding budgetincrease and new budget items
General meeting deliberation and vote
  • - Vote must be held 15 days beforethe beginning of the fiscal year (December 16).
Transfer to the local head and proclamation
  • - The chairman musttransfer the budgetto the mayor and superintendent within 3 days.
  • - The mayor and superintendent must proclaim the budgetwithout delay.
 

Settlement Approval Process

 
Demand for settlement
  • - Within 80 days of closing the account, settlement should be completed through written opinions of committee members.
  • - Submit it to the council bynext fiscal year (June)
Standing committee deliberation
  • - Related directors explain and answer questions as part of pre-deliberation
Special Committee on Budget and Accounts Deliberation
  • - General deliberation
  • - Confirm it is executed legally byapproval of the council
General meeting deliberation and vote
  •  
Transfer to local head and proclamation
  • - The chairman musttransfer it to the mayor and superintendent within 3 days.
  • - Settlement approval is given after control ofrevenue and expenditure forthe fiscal year. It should be proclaimed after the council grants approval, and then it is completed.