Government to submit supplementary budget bill to National Assembly next Thursday
  • 5 years ago
Let's start with domestic politics...
The South Korean government will submit a supplementary budget proposal to the National Assembly next Thursday.
During a meeting between the government and the ruling Democratic Party this morning,... the two sides said the focus of the budget will be dealing with matters related to people's safety -- such as fine-dust pollution and support for the recent wildfires in Gangwon-do Province,... as well as taking preemptive measures against downside economic risks.
Although the exact figure has yet to be revealed,... they said the extra budget will be drawn up considering the country's tax revenue.
South Korea's finance chief had earlier said that the budget will not exceed 6-point-2 billion U.S. dollars.
The ruling party called for cooperation from the opposition bloc,... saying they should put their political interests aside as the extra budget is for the people.
The government is aiming to get the bill passed in May.
It would be the third extra budget of the Moon Jae-in administration.
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